Pradhan Mantri Matsya Sampada Yojana (PMMSY)

Recently, the second Anniversary of Pradhan Mantri Matsya Sampada Yojana (PMMSY) was celebrated.

PMMSY envisages generation of 68 lakh Employment by the end of 2024-25.

PMMSY was introduced by the Government of India, as part of the ‘Atma Nirbhar Bharat’ package with the investment of Rs. 20,050 crores, the highest ever investment in the Fishery sector.

Fishermen are provided with insurance cover, financial assistance and a facility of Kisan Credit Card as well.

Aim and Objectives:

PMMSY aims towards the purpose of rural development by utilizing rural resources and boosting rural economy in a rapid way.

The main motto of PMMSY is ‘Reform, Perform and Transform’ in the fisheries sector.

The reforms and initiatives in PMMSY scheme have been inculcated in Core & trunk infrastructure development

Modernization of Indian fisheries by undertaking the efforts such as:

• Push for new fishing harbours/landing centres
• Modernisation and mechanization of traditional fishermen crafts-trawlers-deep sea going vessels
• Provision of post-harvest facilities to reduce post-harvest loss
• Cold chains facilities
• Two wheelers with ice boxes

Implementation:

It is implemented as an umbrella scheme with two separate components namely:

Central Sector Scheme: The project cost will be borne by the Central government.

Centrally Sponsored Scheme: All the sub-components/activities will be implemented by the States/UTs and the cost will be shared between the Centre and State.