Source: DD News
Subject: Government Schemes
Context: The Union Government has allocated ₹2,500 crore for the fisheries sector under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in the Union Budget 2026–27.
About PM Matsya Sampada Yojana (PMMSY):
What it is?
- PM Matsya Sampada Yojana (PMMSY) is a flagship umbrella scheme for the sustainable and responsible development of India’s fisheries sector, designed to modernize the fisheries value chain and improve the socio-economic welfare of fishers and fish farmers.
Launched in: The scheme was launched on 10 September 2020.
Ministry: It is implemented by the Department of Fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying, Government of India.
Aim:
- To enhance fish production and productivity in a sustainable and inclusive manner.
- To modernize fisheries infrastructure and strengthen the value chain including post-harvest management and marketing.
- To increase income and livelihood opportunities for fishers and fish farmers while ensuring ecological sustainability.
Key Features of the Scheme:
- Large Investment Framework: The scheme was approved with a total investment of about ₹20,050 crore for holistic fisheries sector development.
- Two Implementation Components: It operates through Central Sector (CS) and Centrally Sponsored Scheme (CSS) components.
- Infrastructure Development: Focus on fishing harbours, cold chain facilities, processing units, and modern fish landing centers.
- Aquaculture Promotion: Support for activities such as biofloc farming, sea cage farming, seaweed cultivation, ornamental fisheries, and pearl farming.
- Fisher Welfare Measures: Financial assistance for fishing boats, gear upgrades, and support during fishing ban periods.
- Sustainable Fisheries Management: Promotion of artificial reefs, mariculture, and ecosystem restoration to replenish fish stocks.
- Capacity Building: Training programmes and skill development initiatives for fishers and entrepreneurs.
Significance:
- Strengthens India’s position as the second-largest fish producer globally, contributing nearly 8% of global fish production.
- Supports millions of fishers and coastal communities through income generation and employment opportunities.
