Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana | 09 Nov 2024
Why in News?
The Department of Fisheries organised a meeting to discuss the recently implemented Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a sub-scheme of the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
Note:
- The Fisheries and Aquaculture sector, referred to as a “Sunrise Sector”, plays a vital role in ensuring food security, creating livelihoods, and boosting India’s economic growth.
- Several schemes like Fisheries and Aquaculture Infrastructure Development Fund (FIDF), and Blue Revolution have been launched to support sector development.
- India is the 3rd largest fish-producing country in the world and the 4th largest exporter of fish and fisheries products with a growth in exports of 26.73% for marine products in FY 2022-23.
- In terms of employment, the sector supports the livelihood of over 28 Mn people in the country.
What is Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)?
- About:
- The Government approved the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a Central Sector Sub-scheme in February 2024 for a period of four years from FY 2023-24 to FY 2026-27.
- Objectives:
- Gradual formalization of the unorganized fisheries sector by creation of work based digital identities under the National Fisheries Digital Platform (NFDP) for improved service delivery.
- Facilitating greater access to institutional finance for fish farmers & micro and small enterprises.
- Facilitates access to financial resources, empowering fish farmers with funding and sustainability options.
- Promotes insurance adoption for aquaculture, reducing risks while integrating traceability for quality assurance in supply chains.
What is Pradhan Mantri Matsya Sampada Yojana (PMMSY)?
- About:
- The Department of Fisheries is implementing the PMMSY, a scheme aimed at ushering in a Blue Revolution through the sustainable and responsible development of India's fisheries sector.
- It focuses on the comprehensive growth of the sector while ensuring the welfare of fishers.
- PMMSY is being implemented in all the States and Union Territories for a period of 5 years from FY 2020-21 to FY 2024-25.
- The Department of Fisheries is implementing the PMMSY, a scheme aimed at ushering in a Blue Revolution through the sustainable and responsible development of India's fisheries sector.
- Objective:
- PMMSY addresses gaps in fish production, productivity, quality, and post-harvest infrastructure, modernizing the value chain while ensuring fishers’ socio-economic welfare.
- Targets of PMMSY:
- Fish Production and Productivity:
- Increasing fish production to 22 million metric tons by 2024-25 from 13.75 million metric tons in 2018-19.
- Enhancing aquaculture productivity to 5 tons per hectare from the current national average of 3 tons.
- Augmenting domestic fish consumption from 5 kg to 12 kg per capita.
- Economic Value Addition:
- Increasing contribution of fisheries sector to the Agriculture Gross Value Added (GVA) to about 9% by 2024-25 from 7.28% in 2018-19.
- Doubling export earnings to Rs.1,00,000 crores by 2024-25 from Rs.46,589 crores in 2018-19.
- Facilitating private investment and growth of entrepreneurship in the fisheries sector.
- Reduction of post-harvest losses from the reported 20-25% to about 10%.
- Fish Production and Productivity:
- Enhancing Income and Employment Generation:
- Generating 55 lakh direct and indirect employment opportunities along the value chain.
- Doubling the incomes of fishers and fish farmers.