Pradhan Mantri Matsya Sampada Yojana (PMMSY)

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

About
The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is a flagship initiative of the Government of India, launched as part of the Atma Nirbhar Bharat package. With a record ₹20,050 crore investment, it is the largest investment in the fisheries sector to date. PMMSY aims to develop the sector holistically, providing insurance, financial assistance, and access to Kisan Credit Cards for fishermen.

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Aim and Objectives

1. Main Motto: Reform, Perform, and Transform the fisheries sector.
2. Key Goals:
   • Rural development by leveraging natural resources.
   • Boosting the rural economy by fostering fisheries as a livelihood.

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Core Reforms and Initiatives

1. Infrastructure Development:
   • New fishing harbors and landing centers.
   • Modernization of fishing crafts, including deep-sea vessels and trawlers.
2. Post-Harvest Modernization:
   • Cold chain facilities to preserve fish quality.
   • Clean, hygienic fish markets.
   • Reduction in post-harvest losses.
3. Modern Equipment for Fishermen:
   • Two-wheelers equipped with ice boxes.

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Achievements

1. Growth in Fisheries Sector:
   • 14.3% growth from 2019-20 to 2021-22.
   • Fish production increased from 141.64 lakh tons (2019-20) to 161.87 lakh tons (2021-22).
2. Export Milestones:
   • Record exports of 13.64 lakh tons, worth ₹57,587 crore.
   • Exports span 123 countries, including China, Japan, and the United States.
3. Social Security:
   • Insurance coverage extended to 31.47 lakh farmers across 22 states and 7 UTs.

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Implementation Mechanism
PMMSY operates under two components:

1. Central Sector Scheme: Fully funded by the Central Government.
2. Centrally Sponsored Scheme:
   • Costs are shared between the Centre and State/UTs.
   • Includes a variety of sub-components to address state-specific needs.

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Forthcoming Plans

1. Aquaculture Expansion:
   • Promotion of aquaculture in saline and alkaline areas of Northern India.
2. Aquatic Health Management:
   • Tackling disease outbreaks, antibiotic use, and residue issues.
   • Strengthening the laboratory network for monitoring and diagnosis.

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Way Forward

1. Optimizing Resources:
   • Utilizing reservoirs and natural resources through scientific practices and technology integration.
   • Public stocking and rejuvenation of water bodies through river and sea ranching.
2. Enhancing Productivity:
   • Adopting modern and sustainable aquaculture practices.
   • Positioning India as a global leader in fisheries productivity.

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Key Takeaways
PMMSY is a transformative initiative, empowering fish farmers and unlocking the true potential of India's fisheries sector. By fostering technological adoption, sustainable practices, and robust infrastructure, PMMSY aligns with the vision of self-reliance and equitable growth for rural communities.

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