PMMSY (Syllabus: GS Paper 2 – Government Schemes)

Context: Fish farmers from different states will come together to share their success stories and experiences in Indore, Madhya Pradesh, to mark the third anniversary of the success of the Pradhan Mantri Matsya Sampada Yojana (PMMSY).

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

• About: This initiative represents a flagship scheme aimed at fostering sustainable development in India's fisheries sector. 
• Ministry: Ministry of Fisheries, Animal Husbandry, and Dairying.
• Aim: To drive a blue revolution by promoting the sustainable and responsible growth of India's fisheries sector.
• Income Enhancement: The scheme intends to double the incomes of fishers and fish farmers while reducing post-harvest losses from 20-25% to approximately 10%. Additionally, it seeks to create employment opportunities within the sector.
• Implementation: As a comprehensive program comprising two distinct components, namely:

o Central Sector Scheme: The central government fully finances the project cost.

o Centrally Sponsored Scheme: States/Union Territories collaborate in implementing sub-components/activities, with cost-sharing arrangements.

ü North Eastern & Himalayan States: 90% central share and 10% state share.

ü Other States: 60% central share and 40% state share.

Objectives of Scheme

• Fish production
• Fisheries productivity
• Quality of fisheries and aquaculture sectors
• Post-harvest infrastructure and management
• Modernization of value chain
• Welfare of the fishers and fish farmers
• Fisheries management framework