Pradhan Mantri Matsya Sampada Yojana (PMMSY)

• 12 Sep 2022

For Prelims: Pradhan Mantri Matsya Sampada Yojana (PMMSY), Atmanirbhar Bharat, Kisan Credit Card

For Mains: Government Initiatives for the Promotion of Rural Economy, Pradhan Mantri Matsya Sampada Yojana (PMMSY), its Achievements, Significance and Way Forward

Why in News?

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.

What is PMSSY?

• About:
  • 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
      • Clean and hygienic fish markets
      • Two wheelers with ice boxes
• Achievements:
  • Fisheries sector showed impressive growth of 14.3% from 2019-20 to 2021-22.
    • Fish production reached an all-time high of 141.64 lakh tons during 2019-20 to 161.87 lakh tons during 2021-22.
    • Fisheries sector saws all-time high exports of 13.64 lakh tonnes valuing Rs 57,587 crore dominated by exports of shrimps.
    • Currently, exports to 123 countries are taking place including China, Thailand, Japan, Taiwan, Tunisia, the United States, Hong Kong, Kuwait, etc.
  • PMMSY has supported 31.47 lakh farmers under insurance coverage from 22 states and 7 UTs.
• 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.
• Forthcoming Plan:
  • Aquaculture promotion will be undertaken especially in the saline and alkaline areas of Northern India.
  • Also, focus will be laid on Aquatic health management involving the address of diseases, antibiotic and residue issues which will be supported by an integrated laboratory network.
• Way Forward:
  • Fishery and fish farmers comprise the nucleus of PMMSY. The true potential of our reservoirs and natural resources can be utilized by infusion of technology and public stocking and rejuvenation of water bodies by river and sea ranching programme.
  • Scientific practices must be adopted in fish farming for bringing India to the top of the global map in terms of productivity.

Source: PIB