PMMSY, introduced as part of the ‘Atma Nirbhar Bharat’ package, aims to develop the sustainable and responsible fisheries sector in India. The scheme is implemented in all States and Union Territories for five years from FY 2020-21 to FY 2024-25.
- Launch
- The Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched in September 2020
- Ministry
- Department of Fisheries, Ministry of Fisheries, Animal Husbandry, and Dairying.
- Features
- The scheme provides insurance coverage, financial assistance, and a Kisan Credit Card (KCC) to fishermen.
- Umbrella scheme with two components
- Central Sector Scheme and Centrally Sponsored Scheme.
- Objective
- The objectives include enhancing fish production and productivity, modernizing the value chain, generating employment, enhancing contribution to agricultural GVA and exports, ensuring social, physical, and economic security, and building a robust fisheries management and regulatory framework.
- Status
- The fisheries sector contributes to national income, exports, food and nutritional security, and employment generation.
- As of 2023, projects worth Rs 14,654.67 crore have been approved under PMMSY.
- India’s Status in Fisheries
- India is the 3rd largest fish producer and the 2nd largest aquaculture producer globally, with fish production reaching an all-time high of 16.25 MMT during FY 2021-22.
