Pradhan Mantri Matsya Sampada Yojana (PMMSY)

Context:

Implementation of Pradhan Mantri Matsya Sampada Yojana (PMMSY)

About Pradhan Mantri Matsya Sampada Yojana (PMMSY):

• Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched on 10th September 2020.
• The aim of the scheme is to bring about Blue Revolution through the sustainable development of the fisheries sector over a period of five years (2020-2025.) PMMSY was announced in the union budget 2019-20.
• It has an estimated investment of Rs. 20,050 crores for its implementation during a period of 5 years from FY 2020-21 to FY 2024-25 in all States/UTs, as a part of AatmaNirbhar Bharat Package.
• PMMSY aims at enhancing fish production by an additional 70 lakh tonne by 2024-25, increasing fisheries export earnings to Rs.1,00,000 crore by 2024-25.
• Thus it aims doubling of incomes of fishers and fish farmers, reducing post-harvest losses from 20-25% to about 10% and generation of gainful employment opportunities in the sector.

The sharing funding pattern for this activity under the PMMSY is summarized as below:

OBJECTIVE of PMMSY

• PMMSY aims at enhancing fish production by an additional 70 lakh tonne by 2024-25, increasing fisheries export earnings to Rs.1,00,000 crore by 2024-25, doubling of incomes of fishers and fish farmers, reducing post-harvest losses from 20-25% to about 10% and generation of additional 55 lakhs direct and indirect gainful employment opportunities in fisheries sector and allied activities.
• This scheme will improve the current framework of the chain from ranch entryway to retail outlet.
• PMMSY will expand the development of food preparing part in the nation.
• It will build GDP, Employment and venture.
• This Scheme help in decreasing the gigantic wastage of horticulture items.
• It will help in giving better costs to ranchers and twofold their salary.
• Saddling of fisheries potential in an economical, capable, comprehensive and evenhanded way
• Improving fish creation and efficiency through development, heightening, broadening and beneficial use of land and water
• Modernizing and reinforcing of meriting chain – post-reap the executives and quality improvement
• Multiplying fishers and fish ranchers earnings and age of work
• Improving commitment to Agriculture GVA and fares
• Social, physical and financial security for fishers and fish ranchers
• Active fisheries management and administrative structure

IMPACT OF THE PMMSY

• The scheme will have the following impact on the overall community of fisheries in India:-
• The scheme will help in enhancing fish production from 137.58 lakh metric tons (2018-19) to 220 lakh metric tons by 2024-25.
• The scheme will sustain average annual growth of about 9% in fish production
• The scheme will help in boosting an increase in the contribution of GVA of the fisheries sector to the Agriculture GVA from 7.28% in 2018-19 to about 9% by 2024-25.
• The scheme will double export earnings from Rs.46,589 crores (2018-19) to about Rs.1,00,000 crores by 2024-25.
• The scheme will improve productivity in aquaculture from the present national average of 3 tonnes to about 5 tonnes per hectare.
• The scheme will decrease the post-harvest losses from the reported 20-25% to about 10%.
• The scheme will help in the improvement of domestic fish consumption from about 5-6 kg to about 12 kg per capita.
• The scheme will create about 55 lakh direct and indirect employment possibilities in the fisheries sector along with the supply and value chain.

List of Activities

The PMMSY is an umbrella scheme with two separate Components namely (a) Central Sector Scheme (CS) and (b) Centrally Sponsored Scheme (CSS). The Centrally Sponsored Scheme (CSS) Component is further segregated into Non-beneficiary oriented and beneficiary orientated subcomponents/activities under the following three broad heads:

• Enhancement of Production and Productivity
• Infrastructure and Post-harvest Management
• Fisheries Management and Regulatory Framework

Source: PIB

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