[AspirantWorld Explained] Pradhan Mantri Matsya Sampada Yojana Launched

• The Centre has given its approval for implementation of Pradhan Mantri Matsya Sampada Yojana (PMMSY)
• The Scheme aims to bring blue revolution through sustainable and responsible development of fisheries sector in India.
• Fisheries sector provides livelihood to more than 20 million fishers and fish farmers at the primary level and twice the number along the value chain.

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.
• Doble fold fishers and fish farmers incomes and generation of employment.
• Enhancing contribution to Agriculture GVA (Gross Value Added) and exports.
• Social, physical and economic security for fishers and fish farmers.
• Strong fisheries management and regulatory framework.

How PMMSY will help the sector?

• It will be implemented as an umbrella scheme with two separate components, Central Sector Scheme and Centrally Sponsored Scheme.
• Rs. 1720 Crore and Rs. 18330 crores have been envisaged respectively under PMMSY scheme.
• Collectivization of fishers and fish farmers through Fish Farmer Producer Organizations (FFPOs) to increase bargaining power of fishers and fish farmers is a key feature of PMMSY.
• Support will be provided for safety and security of fishers at sea, technologically advanced fishing vessels will be acquired for fishermen for promotion of deep-sea fishing, Fishing vessels will be upgraded for improving the export competitiveness, communication and/or tracking devices and Bio-toilets in fishing vessels.
• It will generate about 55 lakhs direct and indirect employment opportunities in the fisheries sector along the supply and value chain.
• It will double export earnings from Rs.46,589 crores (2018-19) to about Rs.1,00,000 crores by 2024-25.

Who all will get benefited by this scheme?

• 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.

Subscribe to Get Weekly updates

Get weekly Editorial analysis, Current affairs, One Liners important updates directly in your inbox. Subscribe now to get this month's one liner for FREE (Only for new Subscriber)