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Pradhan Mantri Matsya Sampada Yojana (PMMSY) approved for implementation 

  • IASbaba
  • May 22, 2020
  • 0
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Pradhan Mantri Matsya Sampada Yojana (PMMSY) approved for implementation 

Part of: GS-Prelims and GS-II –Welfare Schemes & GS-III –  Economy

In News:

  • The Union Cabinet has given its approval for implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY). 

Key takeaways:

  • It is a scheme to bring Blue Revolution through sustainable and responsible development of fisheries sector in India.
  • Scheme will be implemented during a period of 5 years from FY 2020-21 to FY 2024-25.
  • It will have two separate Components namely
    • Central Sector Scheme (CS)
    • Centrally Sponsored Scheme (CSS).
  • Under the Central Sector Scheme Component, an amount of 1,720 crores has been earmarked. 
  • Under the Centrally Sponsored Scheme (CSS) Component, an investment of  18,330 crores has been envisaged, 
  • For optimal outcomes, ‘Cluster or area-based approach’ would be followed.
  • This approach will have forward and backward linkages and end to end solutions.
  • Aims and objectives of PMMSY
    • Harnessing of fisheries potential in a sustainable, responsible, inclusive and equitable manner. 
    • Enhancing fish production and productivity through expansion, intensification, etc. 
    • 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 Gross Value Addition and exports. 
    • Social, physical and economic security for fishers and fish farmers. 
    • Robust fisheries management and regulatory framework. 
  • The scheme intends to address:
    • critical gaps in fish production and productivity 
    • modernization and strengthening of value chain
    • establishing a robust fisheries management framework and fishers’ welfare
    • sanitary and phyto-sanitary matters

Important value additions:

  • Fisheries and aquaculture are an important source of food, nutrition, employment and income in India. 
  • The sector provides livelihood to more than 20 million fishers and fish farmers at the primary level and twice the number along the value chain. 
  • Fish being an affordable and rich source of animal protein, is one of the healthiest options to reduce hunger and malnutrition.

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