What is Pradhan Mantri Matsya Sampada Yojana (PMMSY)?

PMMSY is a scheme which has been launched by the central government to address critical shortfalls in the fish production.

Pradhan Mantri Matsya Sampada Yojana (PMMSY) has been recently approved by the Union Cabinet chaired by the Prime Minister Shri Narendra Modi. The scheme has been stated to be implemented from FY 2020-21 to FY 2024-25 i.e. for a period of 5-years in all States/Union Territories. As the name suggests, PMMSY is a fisher centric umbrella scheme in which the key stakeholders would be fishers, fish farmers, fish workers and fish vendors.

About Course:

"Did you Know? In this pack you will get All new content we launch in the next 1 months"
 

This is the most recommended and NRA-CET ready Pack!
 
Use Code 'DREAM' to avail at the best price today

This package Includes IBPS PO Study Material -  Subscribe Now

About Bank Mahapack
If you are preparing for more than 1 Banking & Insurance exams then this is the pack we recommend you buy.

It is most cost-effective and you get access to 100% digital content for Bank & Insurance exams on Adda247.

Banking & Insurance Exams Covered in this Pack

Additionally, you can crack any private bank job exam with content in this pack.

 

Bank & Insurance Mahapack Highlights 

  • Structured course content
  • Recorded classes available if you miss any live class
  • Previous Years’ Papers of all upcoming exams.
  • Full Length Mocks based on the latest pattern with detailed solutions (video solutions for certain topics)
  • Topic level knowledge tests
  • Strategy sessions, time management & Preparation tips from the experts

 

Validity: 1 Month

Bank Maha Pack
  1. Unlimited Live Classes & Recorded Video Courses
  2. Unlimited Tests and eBooks
  3. 1 Lakh+ Selections
Validity
  1. 15 Months
  2. 9 Months
  3. 3 Months
  4. 27 Months
  5. 1 Month
6999 466/month
BUY NOW

What is Pradhan Mantri Matsya Sampada Yojana (PMMSY)?

PMMSY is a scheme which has been launched by the central government to bring about Blue Revolution via sustainable and responsible development of fisheries sector in India. The scheme intends to address critical shortfalls in the fish production as well as productivity, technology, modernisation and strengthening of value chain, traceability, quality, etc.

Also Check,

Structure of Pradhan Mantri Matsya Sampada Yojana (PMMSY):

PMMSY is a umbrella scheme constituting two separate components such as: Central Sector Scheme and Centrally Sponsored Scheme. PMMSY has been approved at a total estimated investment of Rs 20,050 crores. The composition of investment is as follows:

  • Central Share of Rs 9407 crore
  • State Share of Rs 4880 crore
  • Beneficiaries Share of Rs 5763 crore

Objective Of The Scheme:

  • The scheme aims to harness the fisheries potential in a sustainable, responsible, inclusive as well as equitable manner.
  • It aims to improve fish productivity via expansion and intensification.
  • It has a traget of modernizing and strengthening of value chain through post harvest management & quality improvement
  • It also aims to ensure social, physical and economic security for fish farmers and fishers.

Also Check

Some activities to be undertaken under PMMSY:

Following activities will take place to achieve the objectives of the PMMSY: Genetic improvement programmes and Nucleus Breeding Centres; Training, awareness, exposure and capacity building; setting up Aquatic Quarantine Facilities; Modernization of fishing harbours of central government and its entities; setting up Fish Farmer Producer Organizations/companies, etc.

Implementation Of The Scheme:

Following will act as the End Implementing Agencies for the implementation of PMMSY:

  • Central Government and its entities such as National Fisheries Development Board
  • State/Union Territory Government as well as their entities such as state fisheries development board
  • Any other End Implementing Agencies as decided by the Department of Fisheries

Beneficiaries of the PMMSY:

PMMSY will have a very wide coverage and will include the following as the beneficiaries: Fishers, fish farmers, fisheries development corporations, Self Help Groups, Fisheries Federations, fish workers and fish vendors, fish farmers producer organisations, etc.

Impact Of The PMMSY:

The investment of Rs 20,050 crores is the highest ever amount allocated for the Fisheries and Aquaculture Sector. PMMSY is expected to enhance the fish production from 13.75 million metric tons (2018-19) to 22 million metric tons (2024-25). It also envisages to double the export earnings by 2024-25 to about Rs 1,00,000 crores, hence doubling the incomes of fishers as well as the fish farmers. The huge amount of investment in the sector will also generate about 55 lakhs of gainful employment opportunities along with supply and value chain.

Also Check,