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.
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
