An overview of the Pradhan Mantri Matsya Sampada Yojana

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The Pradhan Mantri Matsya Samoada Yojana is designed to address and regulate the critical gaps in fish production and productivity, quality, technology, post-harvest infrastructure and management, modernisation and strengthening of the value of chain, traceability, establishing a robust fisheries management framework and fishers’ welfare

On the 10th of September, 2020, Prime Minister Narendra Modi officially launched Pradhan Mantri Matsya Samoada Yojana through video conferencing in the presence of the Governor and Chief Minister of Bihar, along with Union Minister and MoS for Fisheries, Animal Husbandry and Dairying.

Objective of the scheme

The main aim of the government of India behind launching the  Pradhan Mantri Matsya Samoada Yojana is:

  1. Increasing fisheries export earnings to Rs 1,00,000 crore
  2. Reducing the post-harvest losses from 20%-25% to around 10%
  3. Improving fish production by an additional 70 lakh tonne till 2024-25
  4. Increasing the income of fishers and individuals involved
  5. Generation of additional 55 lakhs direct and indirect gainful employment opportunities in the sector of fisheries and allied activities farmers
  6. The scheme will provide an improved framework of the chain from ranch entryway to retail outlet
  7. It will help in giving better costs to ranchers and twofold their salary
  8. Multiplying fishers and fish ranchers earnings and age of work
  9. PMMSY will expand the development of food preparing part of the nation
  10. It will build GDP, employment, and venture

Benefits of the scheme

The target of the plan is to enhance or increment horticulture, modernise handling and abatement of agrarian waste, and use the potential in the fishery area. The government proposed the Pradhan Mantri Matsya Samoada Yojana in order to build up a powerful and well-structured fishery board and check holes in the worth chain. The government of India has clarified that ‘Neeli Kranti’ or ‘Blue Revolution’ can possibly achieve the primary spot on the planet in fish creation.

Beneficiaries of the scheme

The scheme is open to the fishermen of the country and the main objective of the scheme is to improve the fishery sector of the country. All the fishermen of the country are free to apply to avail of the benefits of this scheme

The list mentioned below are the beneficiaries of the Pradhan Mantri Matsya Samoada Yojana:

  • Fishers
  • Fish farmers
  • Fisheries development corporation
  • The fish workers and fish vendors
  • Self-help groups/ Joint Liability Groups in the sector
  • Entrepreneurs and private firms
  • Fisheries federation
  • Fisheries cooperatives
  • SCs/STs/Women/Differently abled persons
  • Fish Farmers Producer Organisations/Companies
  • State governments/Uts and their entities

Implementation of the scheme

The government of India has formulated a spending plan of Rs 6000 and is required to hold a speculation of Rs 31,400 crore. The treatment of around 334 lakh MT agro-produce esteeming Rs 1 lakh 4 thousand 125 crores.

Approximately 2 million ranchers are to be given an advantage from the Matsya Sampada and will produce around 5 lakh 30 thousand immediate or backhanded work in the country in 2019-2020. The administration has set an objective for fish creation and that is to accomplish the objective of 15 million tons by 2020 under the Blue Revolution and raise it to about 20 million tons by 2022-23.

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