PRADHAN MANTRI MATSYA SAMPADA YOJANA (PMMSY)

Why in News?

Pradhan Mantri Matsya Sampada Yojana (PMMSY) has completed 5 years since its launch

About PMMSY:

• Launched: on September 10, 2020 by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying
• Aims and Objectives:
  Harnessing of fisheries potential
  2. Enhancing of fish production and productivity
  3. Modernizing and strengthening of value chain – post – harvest management and quality improvement
  4. Doubling fishers and fish farmers incomes and generation of employment
  5. Enhancing contribution to Agriculture GVA and exports
  6. Social, physical and economic security for fishers and fish farmers
  7. Robust fisheries management and regulatory framework
• The scheme has now been extended up to 2025–26
• PMMSY was introduced as part of the ‘Atma Nirbhar Bharat’ package with an investment of 20,050 crores, the highest-ever investment in this sector.
• The PMMSY is an umbrella scheme with two separate components as below:
• (a) Central Sector Scheme (CS): (Fully funded and implemented by the Central Government.) The project cost will be borne by the Central government.
  (b) Centrally Sponsored Scheme (CSS): (Partially supported by the federal government and implemented by the states.) All the sub-components/activities will be implemented by the States/UTs, and the cost will be shared between the Centre and State. 
  
  
  
• The intended beneficiaries under the Pradhan Mantri Matsya Sampada Yojana are:
•  
• Fishers
• Fish farmers
• Fish workers and Fish vendors
• Fisheries Development corporations
• Self Help Groups (SHGs)/Joint Liability Groups (JLGs) in fisheries sector
• Fisheries cooperatives
• Fisheries Federations
• Entrepreneurs and private firms
• Fish Farmers Producer Organizations/Companies (FFPOs/Cs)
• SCs/STs/Women/Differently abled persons
• State Governments/UTs and their entities
• State Fisheries Development Boards (SFDB)
• Central Government and its entities
  
  
  
• Developments in fisheries sector:
  – Fisheries and Aquaculture Infrastructure Development Fund (FIDF):Scheme has been launched in 2018-19 with a total fund size of Rs. 7522.48 crores. Under this scheme, Government of India provides interest subvention up to 3% per annum for the repayment period of 12 years inclusive of moratorium of 2 years for repayment of principle amount.
  – Kisan Credit Card: The Government of India with effect from the financial year 2018-19 has extended the Kisan Credit Card (KCC) facility to fishers and fish famers.
  
  
  
• Challenges in Implementation of the Scheme:
  – Infrastructural and Technological Gap:
  The fisheries sector suffers from inadequate infrastructure and outdated technology for production, processing, storage, transportation, and marketing of fish.

– Human Resource Development Deficit:
A shortage of skilled manpower and limited extension services hinder the adoption of modern practices, innovations, and quality standards among fish farmers and fishermen.
– Financial Inclusion and Social Security Challenges:
Restricted access to timely credit and insurance leaves fish farmers and fishermen vulnerable to risks such as natural disasters, disease outbreaks, and market volatility.

• Regulatory and Legal Compliance Issues:
  Limited awareness and poor adherence to regulatory frameworks including fishing rights, licenses, quotas, conservation norms, quality control, and traceability undermine both the sustainability and global competitiveness of the fisheries sector.

UPSC CSE Mains 2018:
Defining blue revolution, explain the problems and strategies for pisciculture development in India.