Pradhan Mantri Matsya Sampada Yojana Explained

June 18, 2020
Pradhan Mantri Matsya Sampada Yojana

The government has approved the Pradhan Mantri Matsya Sampada Yojana to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India.

Fisheries sector in India has shown impressive growth with an average annual growth rate of 10.88% during the year from 2014-15 to 2018-19. The fish production in India has registered an average annual growth of 7.53% during last 5 years and stood at an all-time high of 137.58 lakh metric tons during 2018-19. The export of marine products stood at 13.93 lakh metric tons and valued at Rs.46,589 crores (USD 6.73 billion) during 2018-19.

The Gross Value Added (GVA) of fisheries sector in the national economy during 2018-19 stood at Rs 2,12,915 crores (current basic prices) which constituted 1.24% of the total National GVA and 7.28% share of Agricultural GVA. The sector has immense potential to double the fishers and fish farmers’ incomes as envisioned by government and usher in economic prosperity.

Aims and objectives of PMMSY

  • Harnessing of fisheries potential in a sustainable, responsible, inclusive and equitable manner
  • Enhancing of fish production and productivity through expansion, intensification, diversification and productive utilization of land and water
  • Modernizing and strengthening of value chain – post-harvest management and quality improvement
  • Doubling fishers and fish farmers incomes and generation of employment
  • Enhancing contribution to Agriculture GVA and exports
  • Social, physical and economic security for fishers and fish farmers
  • Robust fisheries management and regulatory framework
SEBI Grade A Test Series

Features of Pradhan Mantri Matsya Sampada Yojana

  • Highest ever investment of Rs. 20050 crores in fisheries sector comprising of Central share of Rs. 9407 crore, State share of Rs 4880 crore and Beneficiaries contribution of Rs. 5763 crore
  • Under the Central Sector Scheme Component an amount of Rs. 1720 crores has been earmarked. Under the Centrally Sponsored Scheme (CSS) Component, an investment of Rs. 18330 crores has been envisaged
  • It will be implemented over a period of 5 years from FY 2020-21 to FY 2024-25 in all States/Union Territories.
  • Youth would be engaged in fisheries extension by creation of 3347 Sagar Mitras in coastal fisher villages

Intended Beneficiaries:

  • Fishers, Fish farmers,  Fish workers, Fish vendors, SCs/STs/Women/Differently abled persons, Fisheries cooperatives/Federations, FFPOs, Fisheries Development corporations, Self Help Groups (SHGs)/Joint Liability Groups (JLGs) and  Individual Entrepreneurs.

Outcomes of Pradhan Mantri Matsya Sampada Yojana

  • Enhancing fish production from 137.58 lakh metric tons (2018-19) to 220 lakh metric tons by 2024-25.
  • Sustained average annual growth of about 9% in fish production
  • An increase in the contribution of GVA of fisheries sector to the Agriculture GVA from 7.28% in 2018-19 to about 9% by 2024-25.
  • Double export earnings from Rs.46,589 crores (2018-19) to about Rs.1,00,000 crores by 2024-25.
  • Enhancing productivity in aquaculture from the present national average of 3 tonnes to about 5 tonnes per hectare.
  • Reduction of post-harvest losses from the reported 20-25% to about 10%.
  • Enhancement of the domestic fish consumption from about 5-6 kg to about 12 kg per capita.
  • Generate about 55 lakhs direct and indirect employment opportunities in the fisheries sector along the supply and value chain.

References

https://pib.gov.in/PressReleasePage.aspx?PRID=1625535

We hope you liked this article on Pradhan Mantri Matsya Sampada Yojana. Here are some useful government schemes for you to read next:

Download this article as PDF

Click to go to RBI Grade B Preparation Page  | Click to read more government schemes