Pradhan Mantri Matsya Sampada Yojana (PMMSY): Objectives, Components and Facts

What Is PMMSY?

• Launched: 10 September 2020 by the Prime Minister, as part of the Atmanirbhar Bharat package.
• Ministry: Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying.
• Outlay: Rs 20,050 crore for five years, FY 2020-21 to FY 2024-25 – Central share Rs 9,407 crore, state share Rs 4,880 crore and beneficiary contribution Rs 5,763 crore.
• Coverage: all states and Union Territories; it subsumed the earlier Blue Revolution scheme.

Objectives and Targets

• Raise fish production to about 220 lakh tonnes by 2024-25 (from 137.58 lakh tonnes in 2018-19), adding about 70 lakh tonnes.
• Raise fisheries exports to about Rs 1 lakh crore by 2024-25.
• Double the incomes of fishers and fish farmers and create about 55 lakh direct and indirect jobs.
• Cut post-harvest losses from 20-25% to about 10%.
• Raise aquaculture productivity from about 3 tonnes to 5 tonnes per hectare and per-capita fish consumption from 5-6 kg to 12 kg.

Components and Funding Pattern

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• PMMSY is an umbrella scheme with two parts: a Central Sector Scheme (CS) and a Centrally Sponsored Scheme (CSS).
• Under the CSS, non-beneficiary projects are funded 60:40 between the Centre and the states (90:10 for North-Eastern and Himalayan states, 100% for Union Territories).
• For beneficiary-oriented projects the government share is 40% for the general category and 60% for SC, ST and women beneficiaries, shared between the Centre and the states.
• Support covers fishing harbours and landing centres, cold chains and ice plants, hatcheries and seed, cage culture, recirculating aquaculture systems and biofloc, ornamental fisheries, seaweed, fishing vessels, insurance and livelihood support for fishers during the fishing ban period.
• Fishers are covered by Group Accident Insurance, and the Kisan Credit Card was extended to fishers and fish farmers for working-capital needs.

PM-MKSSY: The Sub-scheme

• The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), approved in February 2024 with an outlay of Rs 6,000 crore for 2023-24 to 2026-27, is a Central Sector sub-scheme under PMMSY.
• It focuses on formalising the sector through the National Fisheries Digital Platform (NFDP), aquaculture insurance, performance grants and safety and quality assurance systems.

Where India Stands

• India is the second-largest fish producer in the world and the second-largest aquaculture producer, contributing about 8% of global fish production.
• Total fish production reached about 184 lakh tonnes in 2023-24, with inland fisheries and aquaculture contributing about three-fourths.
• Seafood exports were about Rs 60,500 crore in 2023-24; frozen shrimp is the largest item and the United States the biggest market.
• The Fisheries and Aquaculture Infrastructure Development Fund (FIDF), created in 2018 with Rs 7,522 crore, provides concessional finance alongside PMMSY.

FAQs

What did PMMSY replace?

It subsumed the Blue Revolution scheme (2015-16 to 2019-20) and scaled up the investment several times over.

Who is the pension and insurance provider under PMMSY?

The Group Accident Insurance Scheme for fishers is implemented through the National Fisheries Development Board with insurance companies; the scheme also supports livelihood assistance during the fishing ban season.

Why is PMMSY important for NABARD Grade A?

Fisheries is part of the ARD syllabus; NABARD refinances fisheries infrastructure through FIDF and the KCC for fishers, so the targets, outlay and components of PMMSY are regularly asked.