Pradhan Mantri Matsya Sampada Yojana

The scheme Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched by the Department of Fisheries; Ministry of Fisheries, Animal Husbandry, and Dairying; to bring about ecologically healthy, economically viable, and socially inclusive development of the fisheries sector of India. PMMSY shall bring about Blue Revolution through sustainable and responsible development of the fisheries sector in India at a total investment of ₹ 20,050 crore for holistic development of the fisheries sector including the welfare of fishers. PMMSY is implemented in all the States and Union Territories for a period of five years from FY 2020-21 to FY 2024-25. In the Union Budget 2023-24, a new sub-scheme under the PMMSY has been announced with an investment of Rs.6,000 crore to enable activities of fish vendors, fishermen, and micro and small enterprises for improving value chain efficiencies and expanding the market. ##### Objectives of PMMSY 1. Harness the potential of the fisheries sector in a sustainable, responsible, inclusive, and equitable manner. 2. Enhance fish production and productivity through expansion, intensification, diversification, and productive utilization of land and water. 3. Modernize and strengthen the value chain including post-harvest management and quality improvement. 4. Double fishers and fish farmers’ incomes and generate meaningful employment. 5. Enhance the contribution of the fisheries sector to Agricultural GVA and exports. 6. Ensure social, physical, and economic security for fishers and fish farmers. 7. Build a robust fisheries management and regulatory framework. ##### Targets of PMMSY Fish Production and Productivity - 1. Increasing fish production to 22 million metric tons by 2024-25 from 13.75 million metric tons in 2018-19. 2. Enhancing aquaculture productivity to 5 tons per hectare from the current national average of 3 tons. 3. Augmenting domestic fish consumption from 5 kg to 12 kg per capita. Economic Value Addition - 1. Increasing contribution of the fisheries sector to the Agriculture GVA to about 9% by 2024-25 from 7.28% in 2018-19. 2. Doubling export earnings to ₹ 1,00,000 crores by 2024-25 from ₹ 46,589 crores in 2018-19. 3. Facilitating private investment and growth of entrepreneurship in the fisheries sector. 4. Reduction of post-harvest losses from the reported 20-25% to about 10%. Enhancing Income and Employment Generation - 1. Generating 55 lakh direct and indirect employment opportunities along the value chain. 2. Doubling the incomes of fishers and fish farmers.