What is Pradhan Mantri Matsya Sampada Yojana (PMMSY)?

As a component of the Aatma Nirbhar Bharat Package, the Pradhan Mantri Matsya Sampada Yojana (PMMSY) is a flagship program for the targeted and sustainable development of the nation s fisheries sector. It is expected to cost Rs. 20,050 crores to implement over a five-year period from FY 2020–21 to FY 2024–25 in all states and union territories.

The PMMSY investment, totapng Rs. 20,050 crores, is the largest ever made in the fisheries industry.

Out of this, an investment of around Rs 12340 crores is suggested for beneficiary-focused operations in marine, inland, and aquaculture, and an investment of approximately Rs 7710 crores for fisheries infrastructure.

The main objectives of the PMMSY plan are to employ "Cluster or Area based techniques" and to estabpsh Fisheries clusters via backward and forward pnkages. Activities that provide jobs, pke growing seaweed and ornamental fish, will receive special attention. It places a strong emphasis on species spanersification, vital infrastructure, marketing networks, and interventions for high-quapty brood, seed, and feed.

Significances of PMMSY

The following are the results that PMMSY would pke to achieve −

The rise in fish production from 13.75 milpon metric tons (MMT) in 2018–19 to 22 milpon metric tons in 2025.

By 2025, the share of the fisheries sector in the agricultural GVA will rise from 7.28% to 9%.

By 2025, export revenues will have doubled, reaching Rs. 46589 bilpon.

Reduction of post-harvest loss from 25% to 10%.

15 lakh direct job opportunities will be created.

Household fish consumption has increased from 5 kg to 12 kg per person.

Objective of PMMSY

The PMMSY s primary goal is to develop the fisheries and aquaculture industries.

Utipze the potential of the fishing industry in a way that is equitable, ethical, inclusive, and sustainable.

Efficient use of water and land resources to increase the productivity and output of fish.

Modernize the value chain with an eye toward quapty enhancement and post-harvest management.

Incomes for fish growers and fishermen have doubled.

Create jobs in the fishing industry.

Increase exports and the sector s overall Gross Value Added (GVA) in agriculture.

Give fish growers and fishermen the social, economic, and physical security they need.

Create a sopd foundation for the management and regulation of fisheries.

Impact of PMMSY

The program will have the following effects on India s entire fishing community: By 2024–2025, the plan will contribute to an increase in fish production from 137.58 lakh metric tons in 2018–19 to 220 lakh metric tons. The plan will maintain annual fish production growth of roughly 9% on average.

The program will support an increase in the fisheries sector s GVA contribution to agriculture s GVA from 7.28% in 2018–19 to roughly 9% by 2024–25.

By 2024–25, the program will have increased export revenue from Rs. 46,589 crores (2018–19) to almost Rs. 1,000,000 crores.

The program will increase aquaculture productivity from the current national average of 3 tons per hectare to around 5 tons per hectare.

Conclusion

The Governor and Chief Minister of Bihar, as well as the Union Ministers and Ministers of State for Fisheries, Animal Husbandry, and Dairy, attended Narender Modi s formal video conference introduction of the Pradhan Mantri Matsya Sampada Yojana on September 10, 2020. In this plan, the government anticipates spending Rs. 20,050 crores between 2020 and 2021 and 2024 and 2025. The proposal calls for investing Rs 7710 crores in fisheries infrastructure and Rs 12340 crores in beneficiary-focused projects in inland, marine, and aquaculture. The administration has set a target for fish production: 15 milpon metric tons by 2020 as part of the Blue Revolution and around 20 milpon metric tons by 2022–2033.

FAQs

Q1. When was the Pradhan Mantri matsya sampada Yojana launched?

Ans. On September 10, 2020, the Pradhan Mantri Matsya Sampada Yojana (PMMSY) was introduced. The plan s objective is to create the Blue Revolution through the five-year sustainable growth of the fisheries industry (2020-2025.)

Q2. Who are the intended beneficiaries of Pradhan Mantri Matsya Sampada Yojana?

Ans. For the purpose of preserving fishing resources, the government gives Rs. 3000 annually to each beneficiary registered in the pvephood and nutritional support program for socioeconomically disadvantaged, active, traditional fishermen during the lean season.

Q3. What is Pradhan Mantri Matsya Sampada Yojana scheme about?

Ans. By providing safety kits, replacement boats and nets, insurance for fishing vessels and fishermen, a means of subsistence for fishermen s famipes during fishing bans and lean times, and other resources through PMMSY, the GoI will work to advance the socioeconomic welfare of fishers and fish farmers.