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All you need to know about new fisheries scheme, Pradhan Mantri Matsya Sampada Yojana

The scheme is expected to create direct employment opportunities to about 15 lakh fishers, fish farmers, fish workers, fish vendors and other populations in fishing and allied activities

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The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval for implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) - a scheme to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India under two components namely, Central Sector Scheme (CS) and Centrally Sponsored Scheme (CSS) at a total estimated investment of Rs. 20,050 crore comprising of (i) Central share of Rs. 9,407 crore, (ii) State share of Rs. 4,880 crore and (iii) Beneficiaries' share of Rs. 5,763 crore.   
 
The Scheme will be implemented during a period of 5 years from 2020-21 to 2024-25.
 
The Centrally Sponsored Scheme (CSS) Component is further segregated into non-beneficiary oriented and beneficiary orientated sub¬components and activities under the following three broad heads:
 

  • Enhancement of Production and Productivity
  • Infrastructure and Post-Harvest Management          
  • Fisheries Management and Regulatory Framework

 
Funding Pattern: PMMSY will be implemented with the following funding pattern:  
 
Central Sector Scheme (CS)

The entire project cost will be borne by the Central government with 100 percent central funding.
Wherever direct beneficiary oriented i.e. individual/group activities are undertaken by the entities of Central government including National Fisheries Development Board (NFDB), the central assistance will be up to 40 percent of the unit/project cost for general category and 60 percent for SC, ST and women categories.
 
Centrally Sponsored Scheme (CSS)
 
For the non-beneficiary orientated sub-components, activities under CSS component to be implemented by the states and union territories. The entire project cost will be shared between the Centre and states as detailed below:
 

  • North Eastern & Himalayan states: 90 percent Central share and 10 percent state share.
  • Other states: 60 percent Central share and 40 percent state share.
  • Union territories: 100 percent Central share.


Benefits

  • Address the critical gaps in the fisheries sector and realise its potential.
  • Augmenting fish production and productivity at a sustained average annual growth rate of about 9 percent to achieve a target of 22 million metric tonnes by 2024-25 through sustainable and responsible fishing practices.
  • Improving availability of certified quality fish seed and feed, traceability in fish and including effective aquatic health management.
  • Creation of critical infrastructure including modernisation and strengthening of value chain.
  • Creation of direct gainful employment opportunities to about 15 lakh fishers, fish farmers, fish workers, fish vendors and other rural and urban populations in fishing and allied activities and about thrice this number as indirect employment opportunities including enhancement of their incomes.
  • Boost to investments in fisheries sector and increase of competitiveness of fish and fisheries products.
  • Doubling of fishers, fish farmers and fish workers incomes by 2024
  • Social, physical and economic security for fishers and fish workers.
8 Votes with an average with 2.9
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