Pradhan Mantri Matsya Sampada Yojana (PMMSY) approved for implementation 

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.