Pradhan Mantri Matsya Sampada Yojana (PMMSY)

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

Part of: GS-Prelims and GS-II: Government schemes and policies

Context: The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying is implementing a flagship scheme namely Pradhan Mantri Matsya Sampada Yojana (PMMSY) with a highest ever investment of Rs. 20,050 crore for a period of 5 years. 

• Provides livelihood and nutritional support for socio-economically backward active traditional fisher’s families during the fishing ban/lean period 
• PMMSY also provides support for insurance to fishers and insurance premium subvention for fishing vessels under its Centrally Sponsored scheme component. Insurance coverage for fishers includes

• Rs.5,00,000/- against accidental death or permanent total disability
• Rs.2,50,000/- for permanent partial disability
• Insurance coverage for hospitalization expenses in the event of accident for a sum of Rs. 25,000/-. 

The Department of Fisheries has no proposal for providing weather-based index insurance scheme to cover the loss suffered by the fishermen due to adverse climatic changes. The draft National Fisheries Policy recommends for insurance of life, craft and gear and other assets of fishers from the vagaries of nature.

News Source: PIB