Central govt. has approved a new scheme named Pradhan Mantri Matsya Sampada Yojana on 20 May 2020. This scheme will bring Blue Revolution through sustainable and responsible development by addressing critical infrastructure gap in fisheries sector. For this purpose, Indian govt. has made an investment of Rs. 20,050 crore comprising of Rs. 9407 crore of central share, Rs. 4,880 crore of state share and Rs. 5763 crore of beneficiaries contribution.
Under PM Matsya Sampada Scheme, govt. is going to turn India into a hotspot for fish and aquatic products. This would be done through appropriate policy, marketing and infrastructure support. PM Matsya Sampada Yojana will promote aquaculture by ensuring easy access to credit. Moreover, the central govt. also intends to bring all fishermen under the coverage of all farmer welfare programmes and social security schemes with expanded coverage for accident insurance.
PMMSY will be implemented over a period of 5 years from FY 2020-21 to FY 2024-25 in all States/Union Territories.
PM Modi led central govt. is committed towards “Blue Revolution” or “Neeli Kranti”. India has the potential to achieve 1st place in the world in production of fish. So, the Union Cabinet has approved the launch of a new PM Matsya Sampada Yojana 2020 to promote aquaculture. The govt. has already constituted a separate department for integrated development of fisheries. Check out the complete details of the scheme here:-
The following are the main aim and objectives of PM Matsya Sampada Yojana 2020:-
The central govt. has also created a special fund to develop infrastructure related to fishing industry. This fund would be used for creation of fisheries infrastructure facilities both in marine and inland fisheries sectors. The central govt. has targeted to augment fish production to achieve its target of 17 million tonne by FY 2021 would be done under Blue Revolution. The govt. would further raise the target to 20 million tonnes by FY 2022-23.
FIDF fund would be used to attract private investment in creation and management of infrastructure facilities. Moreover, govt. will also focus on acquisition of the state-of-the-art technologies. FIDF is going to provide concessional finance to state govt, cooperatives, individuals and entrepreneurs. This finance would be used to take up identified investment activities of fisheries development. Under FIDF, loan lending would be over a period of five years from 2018-19 to 2022-23. The maximum repayment will be over a period of 12 years inclusive of moratorium of 2 years on repayment of principal.
Fisheries and aquaculture are an important source of food, nutrition, employment and income in India. These sectors provides livelihood to more than 20 million fishermen and fish farmers at the primary level and twice the number along the value chain. Fish being an affordable and rich source of animal protein is one of the healthiest options to mitigate hunger and malnutrition.
The Gross Value Added (GVA) of fisheries sector in the national economy during 2018-19 stood at Rs 2,12,915 crores (current basic prices) which constituted 1.24% of the total National GVA and 7.28% share of Agricultural GVA. The sector has immense potential to double the fishers and fish farmers incomes as envisioned by government and usher in economic prosperity.
Fisheries sector in India has shown impressive growth with an average annual growth rate of 10.88% during the year from 2014-15 to 2018-19. The fish production in India has registered an average annual growth of 7.53% during last 5 years and stood at an all-time high of 137.58 lakh metric tons during 2018-19. The export of marine products stood at 13.93 lakh metric tons and valued at Rs.46,589 crores (USD 6.73 billion) during 2018-19.
Foreseeing the immense potential for development of fisheries and for providing focused attention to the sector, the Government in its Union Budget, 2019-20 has announced a new scheme, the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
The scheme intends to address critical gaps in fish production and productivity, quality, technology, post-harvest infrastructure and management, modernization and strengthening of value chain, traceability, establishing a robust fisheries management framework and fishers’ welfare. It would also address issues like low productivity in inland Aquaculture, disease, sustainability of marine fisheries, sanitary and phyto-sanitary matters that impact the competitiveness of India’s exports along with global bench marking.
The PMMSY will be implemented as an umbrella scheme with 2 separate components which are as follows:-
A) Central Sector Scheme (CS): Under the PMMSY central sector (CS) component, govt. has earmarked an amount of Rs. 1720 crore.
B) Centrally Sponsored Scheme (CSS): Under the PMMSY Centrally Sponsored Scheme (CSS) Component, an investment of Rs. 18330 crores has been envisaged. This investment is segregated into Non-beneficiary oriented and Beneficiary orientated sub-components / activities under the following 3 broad heads. These are Enhancement of Production and Productivity, Infrastructure and Post-harvest Management, Fisheries Management and Regulatory Framework.
Most of the activities under the PM Matsya Sampada Yojana would be implemented with active participation of States / UTs. A well-structured implementation framework would be established for effective planning and PMMSY implementation. Here are the full implementation guidelines:-
Private sector participation would be promoted for the development of entrepreneurship, business models, promotion of ease of doing business, innovations and innovative project activities including start-ups, incubators etc. in fisheries sector.
Here is the major impact of Pradhan Mantri Matsya Sampada Yojana 2020:-
1) Enhancing fish production from 137.58 lakh metric tons (2018-19) to 220 lakh metric tons by 2024-25.
2) Sustained average annual growth of about 9% in fish production
3) An increase in the contribution of GVA of fisheries sector to the Agriculture GVA from 7.28% in 2018-19 to about 9% by 2024-25.
4) Double export earnings from Rs.46,589 crores (2018-19) to about Rs.1,00,000 crores by 2024-25.
5) Enhancing productivity in aquaculture from the present national average of 3 tonnes to about 5 tonnes per hectare.
6) Reduction of post-harvest losses from the reported 20-25% to about 10%.
7) Enhancement of the domestic fish consumption from about 5-6 kg to about 12 kg per capita.
Generate about 55 lakhs direct and indirect employment opportunities in the fisheries sector along the supply and value chain.
Here are the most frequently asked questions (FAQs) for PM Matsya Sampada Yojana 2020:-
1) What is PM Matsya Sampada Yojana?
To promote aquaculture and fisheries sector, govt. has approved Pradhan Mantri Matsya Sampada Yojana 2020. This scheme intends to address critical gaps in fish production and productivity, quality, technology, post-harvest infrastructure and management, modernization and strengthening of value chain. Moreover, govt. will focus on traceability, establishing a robust fisheries management framework and fishers welfare. It would also address issues like low productivity in inland Aquaculture, disease, sustainability of marine fisheries, sanitary and phyto-sanitary matters that impact the competitiveness of India’s exports along with global bench marking.
2) Who will Benefit from PMMSY Scheme?
Fishers, Fish farmers, Fish workers, Fish vendors, SCs/STs/Women/Differently abled persons, Fisheries cooperatives/Federations, FFPOs, Fisheries Development corporations, Self Help Groups (SHGs)/Joint Liability Groups (JLGs) and Individual Entrepreneurs.
3) How PMMSY Scheme bring Blue Revolution?
PMMSY scheme will bring Blue Revolution through sustainable and responsible development by addressing critical infrastructure gap in fisheries sector.
4) What is the Share of Central / State Govt. in PMMSY?
Indian govt. has made an investment of Rs. 20,050 crore comprising of Rs. 9407 crore of central share, Rs. 4,880 crore of state share and Rs. 5763 crore of beneficiaries contribution.
5) What is the Start Date / Last Date for PMMSY Scheme?
The cabinet committee of Economic Affairs (CCEA) of Indian government has approved the launch of Pradhan Mantri Matsya Sampada Yojana on 20 May 2020. As soon as the start date, last date and complete details are out, we will update it here.
6) What is the Official Apply Online Website for PM Matsya Sampada Yojana?
Only after the official launch of the scheme, you would be able to access PM Matsya Sampada Yojana official portal and then would be able to apply online for PM Matsya Sampada Yojana.