PM Matsay Sampada Yojana (PMMSY)

In Context

• Recently, the 2nd anniversary of PMMSY has been celebrated.

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

• About:
  • It is a flagship scheme for focused and sustainable development of the fisheries sector in the country with an estimated investment of ?20,050 crore for its implementation during 2020-21 to 2024-25 as part of Aatmanirbhar Bharat package.
• Ministry: 
  • Fisheries, Animal Husbandry and Dairying 
• Aims: 
  • To bring about a blue revolution through sustainable and responsible development of the fisheries sector in India.
  • To double the incomes of fishers and fish farmers, reducing post-harvest losses from 20-25% to about 10% and the generation of gainful employment opportunities in the sector.
• Implementation:
• It is implemented as an umbrella scheme with two separate components namely
  • Central Sector Scheme: The project cost will be borne by the Central government. The entire project/unit cost will be funded by the Government of India (GoI) (i.e., 100% GoI Funding).
  • Centrally Sponsored Scheme: All the sub-components/activities will be implemented by the States/UTs and the cost will be shared between Centre and State.
    • North Eastern & Himalayan States: 90% Central share and 10% State share.
    • Other States: 60% Central share and 40% State share.
• A well-structured implementation framework would be established for the effective planning and implementation of PMMSY.
• For optimal outcomes, ‘Cluster or area-based approach’ would be followed with requisite forward and backward linkages and end to end solutions.
• Approach:
  •  ‘Cluster or Area based approaches and many new interventions such as fishing vessel insurance, Aquaculture in saline/alkaline areas, Sagar Mitras, FFPOs, Nucleus Breeding Centres, etc.
• Achievements: 
  • From 2019–20 to 2021–2022, the Fisheries sector had an incredible growth of 14.3%.
  • Fish production has increased from 141.64 lakh tonnes in 2019-20 to 161.87 lakh tonnes (provisional) in 2021-22.
  • The sector achieved all-time high exports of 13.64 lakh tonnes, reaching Rs 57,587 crores (USD 7.76 billion), topped by shrimp exports.

Status of Fisheries Sector

• The fisheries sector has been recognized as a powerful income and employment generator as it stimulates growth of a number of subsidiary industries and is a source of cheap and nutritious food, at the same time it is an instrument of livelihood for a large section of the economically backward population of the country. 
• Fishery sector occupies an important place in the socio-economic development of the country.
• India is the 3rd largest fish producing and 2nd largest aquaculture nation in the world after China. 
• The Blue Revolution in India demonstrated the importance of the Fisheries and Aquaculture sector. 
• The sector is considered as a sunrise sector and is poised to play a significant role in the Indian economy in near future. 

Source: PIB