PM-MKSSY and India’s Fisheries Sector

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Source: PIB

Context: The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, celebrated the 80th Independence Day in New Delhi in the presence of fishers and fish farmers from across the country — in line with the national themes of “150 Years of Vande Mataram” and “Yuva Shakti for Viksit Bharat@2047”.

India’s Position in Global Fisheries

IndicatorIndia’s position
Fish productionSecond-largest in the world — 8% of global output
Aquaculture productionSecond
Shrimp production and exportFirst
Capture fisheriesAmong the largest producers

Government Investment Since 2015

  • Pradhan Mantri Matsya Sampada Yojana (PMMSY)
    • About: PMMSY is the flagship scheme of the Government of India for the comprehensive development of the fisheries and aquaculture sector.
    • Launched: September 2020
    • Ministry: Ministry of Fisheries, Animal Husbandry and Dairying
    • Implementing Department: Department of Fisheries
  • Blue Revolution Scheme
    • Focus: Overall development of fisheries and aquaculture.
    • Aim: Increase fish production, improve infrastructure, employment and fisher livelihoods.
  • Fisheries and Aquaculture Infrastructure Development Fund (FIDF)
    • Focus: Fisheries infrastructure.
    • Provides concessional finance for projects such as fishing harbours, cold chains, fish markets and aquaculture infrastructure.
  • Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)
    • A sub-scheme of PMMSY.
    • Focus: Formalising the fisheries sector, improving access to institutional finance, insurance, value-chain efficiency and quality management.
    • Targets fishers, fish farmers, fish vendors, micro and small fisheries enterprises and other stakeholders.

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