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5. Pradhan Mantri Matsya Sampada Yojana (PMMSY)

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  • This aims at transforming the fisheries and aquaculture sector in India by making it productive, sustainable and inclusive into the future.
  • It was launched in 2020 under the Ministry of Fisheries, Animal Husbandry, and Dairying.
  • It is considered one of the biggest initiatives having a total investment of ₹20,050 crores for the growth of the fisheries sector.
  • Including rich components:
  • Improvement of Fish Production: Target to develop the production of fish up to 22 million metric tonnes in the year 2024-25.
    Infrastructure Development: Modern fishing infrastructure to be developed.
    Sustainable Practices: Besides improving fisheries management, promote sustainable aquaculture practices.
  • Support to Fishers: Financial and technical support to fishers, fish farmers, and aquaculture entrepreneurs.
  • Skill Development: Training and capacity building of youth and women in the fisheries sector.
  • Focus Areas: Marine and Inland Fisheries, Post-Harvest Infrastructure, Financial Inclusion.
  • Outcomes Colloquy: Increase in fish production and export potential, Employment generation, Growth in income.
  • Other Schemes: Integrated with other government schemes to ensure self-sufficiency and employment in the fisheries sector.
    Completely Aquaculture, Almost Exclusive Mariculture: This diversion will therefore have a broader and enhanced development of seafood, aquatic animals as well as aquatic plants.

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