PM Matsya Sampada Yojana

Last Updated on January 5, 2023 by IGNOU Forum

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is a government scheme in India that aims to modernize and expand the country’s fisheries sector. The scheme was launched in 2020 and is being implemented by the Ministry of Fisheries, Animal Husbandry and Dairying. The main objectives of the PMMSY are to:

1. Increase fish production and productivity in the country.
2. Enhance the competitiveness of the fisheries sector in the global market.
3. Increase the income and employment opportunities for people involved in the fisheries sector.
4. Promote sustainable and responsible fishing practices.

To achieve these objectives, the PMMSY is implementing various interventions, such as:

1. Providing financial assistance for the construction of new fish processing and storage facilities.
2. Providing credit to fish farmers and entrepreneurs for the development of fish farms and other related activities.
3. Providing training and capacity building to fish farmers and other stakeholders in the fisheries sector.
4. Promoting the adoption of modern technologies and practices in the sector.
5. Supporting research and development activities in the fisheries sector.

The PMMSY is funded by the central government and is being implemented on a voluntary basis. It is expected to benefit millions of people involved in the fisheries sector in India.

Here are some more details about the Pradhan Mantri Matsya Sampada Yojana (PMMSY):

Details of PM Matsya Sampada Yojana

1. The PMMSY is focused on the development of marine, inland, and aquaculture fisheries in India. It aims to increase fish production and productivity in the country, enhance the competitiveness of the fisheries sector in the global market, and increase the income and employment opportunities for people involved in the sector.
2. To achieve these objectives, the PMMSY is implementing various interventions, such as providing financial assistance for the construction of new fish processing and storage facilities, providing credit to fish farmers and entrepreneurs for the development of fish farms and other related activities, providing training and capacity building to fish farmers and other stakeholders in the sector, promoting the adoption of modern technologies and practices in the sector, and supporting research and development activities in the sector.
3. The PMMSY is being implemented by the Ministry of Fisheries, Animal Husbandry and Dairying, in collaboration with state governments and other stakeholders. It is funded by the central government and is being implemented on a voluntary basis.
4. The PMMSY is expected to benefit millions of people involved in the fisheries sector in India, including fish farmers, fish processors, and other stakeholders. It is expected to contribute to the overall development of the sector and the economy of the country.
5. The PMMSY is being implemented as part of the government’s broader efforts to promote the growth and development of the agricultural sector in India. It is one of several initiatives aimed at supporting the sector and improving the lives of people working in it.

Objectives of PM Matsya Sampada Yojana

The main objectives of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) are:

1. To increase fish production and productivity in the country: The PMMSY aims to increase fish production and productivity in India through the development of marine, inland, and aquaculture fisheries. This includes providing financial assistance for the construction of new fish processing and storage facilities, and promoting the adoption of modern technologies and practices in the sector.
2. To enhance the competitiveness of the fisheries sector in the global market: The PMMSY aims to enhance the competitiveness of the fisheries sector in the global market by improving the quality and value of fish products and increasing the efficiency of the sector. This includes providing credit to fish farmers and entrepreneurs for the development of fish farms and other related activities, and supporting research and development activities in the sector.
3. To increase the income and employment opportunities for people involved in the fisheries sector: The PMMSY aims to increase the income and employment opportunities for people involved in the fisheries sector, including fish farmers, fish processors, and other stakeholders. This includes providing training and capacity building to fish farmers and other stakeholders in the sector.
4. To promote sustainable and responsible fishing practices: The PMMSY aims to promote sustainable and responsible fishing practices in India. This includes supporting the development of responsible fishing practices and technologies, and promoting the conservation of fish resources.

Overall, the PMMSY is intended to contribute to the growth and development of the fisheries sector in India and improve the lives of people working in the sector.

Achievement of PM Matsya Sampada Yojana

It is difficult for me to provide information on the achievements of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) as it is a relatively new scheme and I do not have access to current data. However, I can tell you that the PMMSY is being implemented as part of the government’s broader efforts to promote the growth and development of the fisheries sector in India. It aims to increase fish production and productivity in the country, enhance the competitiveness of the sector in the global market, increase the income and employment opportunities for people involved in the sector, and promote sustainable and responsible fishing practices. The success of the PMMSY will depend on the extent to which it is able to achieve these objectives and contribute to the overall development of the sector.

Implementing Agency

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is being implemented by the Ministry of Fisheries, Animal Husbandry and Dairying, which is a government ministry in India responsible for the development of the country’s fisheries sector. The ministry is responsible for formulating policies, programs, and initiatives to promote the growth and development of the sector, and for implementing the PMMSY and other related schemes. The ministry works in collaboration with state governments and other stakeholders to ensure the effective implementation of these schemes and initiatives. The ministry is headed by a cabinet minister, who is assisted by one or more junior ministers.