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Pradhan Mantri MatsyaSampada Yojana (PMMSY)

Facts for Prelims (FFP)

Source: PIB

 

Context: The Pradhan Mantri Matsya Sampada Yojana (PMMSY) in India is being supported by seven major field studies conducted by the National Productivity Council (NPC).

 

About the studies:

  • Aim: These studies aim to enhance the fisheries sector and its contribution to the country’s GDP.
  • Fields covered: The studies cover various areas such as fish marketing systems, innovative fishing practices, storage container improvements, fish marketing infrastructure, technology evaluation, monitoring mechanisms, and minimizing post-harvest losses.

 

About PMMSY:

DimensionInformation
AboutPMMSY (Under the Ministry of Commerce and Industry) was launched in 2020 for the sustainable development of the fisheries sector and to bring about the ‘Blue Revolution’.
ImplementationIt is being implemented in all States and Union Territories for a period of 5 years from FY 2020-21 to FY 2024-25. It provides insurance coverage, and financial assistance to fishermen.
Aim and ObjectivesRural development and boosting the rural economy; “Reform, Perform and Transform” motto; Core and trunk infrastructure development and Modernization of Indian fisheries
Type of schemeUmbrella scheme with Central Sector Scheme and Centrally Sponsored Scheme components—meaning that the Central government bears project cost and States/UTs share the cost of sub-components/activities
TargetsEnhanced fish production of 22 million metric tons; Increased contribution of Gross Value Added (GVA) of the fisheries sector to agriculture GVA to 9%; Double export earnings to about Rs. 1 lakh crore; Reduction of post-harvest losses to about 10% and doubling of incomes of fishers and fish farmer
Achievements of the schemeThe fisheries sector has achieved impressive growth of over 14% and an all-time high in fish production and exports. The scheme has provided insurance coverage to over 31 lakh farmers
Other initiativesFisheries & Aquaculture Infrastructure Development Fund (FIDF); Kisan Credit Cards for Fishermen
Fishery sector in IndiaIndia is the 3rd largest fish producing and 2nd largest aquaculture nation in the world
About National Productivity Council (NPC)NPC (est. 1958; HQ: Delhi) is an autonomous organization under the Department for Promotion of Industry & Internal Trade, Ministry of Commerce and Industry. It conducts productivity research, consulting and training services to the government, public and private sector organizations.