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Pradhan Mantri Matsya Sampada Yojana
The Government recently highlighted PMMSY-led deep-sea fishing initiatives, inter-ministerial coordination, and financial support measures. These steps were presented to strengthen marine fisheries and improve fishers’ livelihoods.
Pradhan Mantri Matsya Sampada Yojana (PMMSY):
| Dimension | Key Details |
|---|---|
| Sector Context | India is the world’s second largest fish producer with around 8% global share |
| Scheme Nature | Flagship scheme for sustainable and responsible development of the fisheries sector |
| Launch Year | Launched in 2020 |
| Duration | Implemented for five years from 2020 to 2025 |
| Nodal Ministry | Ministry of Fisheries, Animal Husbandry and Dairying |
| Implementing Department | Department of Fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying |
| Core Objectives | Boosts fish production, doubles export earnings, creates employment, and ensures socio-economic welfare of fishers and fish farmers |
| Deep-Sea Fishing Focus | Provides for empowering traditional and small-scale fishers to undertake deep-sea fishing |
| Sub-Scheme | Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PMMKSSY) is a component under PMMSY |
| Deep-Sea Fishing Support | Provides financial assistance for acquisition of deep-sea fishing vessels and upgradation of existing vessels for export competency |
| Governance Approach | Adopts a “Whole of Government” approach through inter-ministerial coordination |
| Institutional Coordination | Collaboration between Ministry of Cooperation and Department of Fisheries through a Joint Working Group |
| Cooperatives and FFPOs | Provides for strengthening fishery cooperatives and Fish Farmer Producer Organisations with access to institutional finance |
| Livelihood and Welfare Measures | Provides boats, nets, communication and tracking devices, sea-safety kits, insurance cover, training, and skill development |
| Alternative Livelihoods | Supports seaweed cultivation and bivalve culture as additional livelihood options |
| Infrastructure Development | Provides for development of processing, cold-chain, marketing facilities, fishing harbours, and fish landing centres |