The Pradhan Mantri Matsya Sampada Yojana (PMMSY) was officially launched on September 10, 2020, by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry, and Dairying, Government of India.
This scheme represents a significant milestone in the development of the fisheries sector in India. Various initiatives and policies aimed at promoting the fisheries sector’s growth and sustainability in the country:
The fisheries sector in India was often viewed as a subsidiary of agriculture. Over time, there was recognition of the sector’s unique needs and potential, leading to separate policy measures and development efforts.
The “Blue Revolution” was a term coined to signify the government’s commitment to transform the fisheries and aquaculture sector, much like the “Green Revolution” did for agriculture. The Blue Revolution included various initiatives and policy measures to boost fish production and modernize the sector.
The NFDB, established in 2006, played a pivotal role in formulating and implementing policies and programs to enhance fisheries and aquaculture in India. It focused on infrastructure development, capacity building, and promoting sustainable practices.
MPEDA, established in 1972, has been instrumental in promoting exports of seafood products from India. It played a role in enhancing the country’s presence in international markets.
Several Indian states also introduced their own fisheries development programs and policies to address local challenges and opportunities in the sector.
Fisheries and aquaculture development received regular budgetary allocations from the central government as part of its efforts to promote the sector.
Various committees and working groups, such as the National Fisheries Development Board and the National Commission on Farmers (headed by Dr. M.S. Swaminathan), made recommendations to boost the fisheries sector’s growth and sustainability.
India, with its vast coastline and rich aquatic resources, has long held a prominent place in the global fisheries industry.
To harness this potential and create a sustainable, economically viable, and inclusive fisheries sector, the Indian government launched the Pradhan Mantri Matsya Sampada Yojana (PMMSY). This ambitious initiative aims to revolutionize the fisheries sector and uplift the lives of those dependent on it.
|Pradhan Mantri Matsya Sampada Yojana
A Blue Revolution Beckons
PMMSY, often referred to as the “Blue Revolution,” sets forth a comprehensive plan to enhance fish production, boost income levels, and augment the contribution of the fisheries sector to the nation’s economy. Launched with a total investment of over Rs. 20,000 crore, the scheme envisions significant growth over the next five years (2020-2025).
The scheme’s objectives are multi-faceted and forward-looking:
- Sustainability: PMMSY emphasizes sustainable and responsible development, ensuring that the fisheries sector’s growth does not compromise the ecosystem.
- Productivity: It seeks to enhance fish production and productivity through various means, including intensification, diversification, and efficient land and water resource utilization.
- Modernization: The scheme promotes the modernization of the fisheries value chain, including post-harvest management and quality improvement.
- Income Generation: PMMSY aims to double the incomes of fishers and fish farmers, providing a substantial economic boost to these communities.
- Economic Contribution: The scheme seeks to increase the fisheries sector’s contribution to the Agriculture Gross Value Added (GVA) and exports, thereby bolstering the nation’s economy.
- Security: Ensuring social, physical, and economic security for fishers and fish farmers is a paramount goal of PMMSY.
- Regulatory Framework: It intends to build a robust fisheries management and regulatory framework to ensure compliance with best practices and regulations.
New Strategies and Initiatives
PMMSY introduces several novel strategies to achieve these objectives:
- Genetic Improvement: For the first time, there is a focus on genetic improvement of commercially important fish species, ensuring higher quality and disease resistance.
- Start-up Promotion: The scheme encourages start-ups in fisheries and aquaculture, fostering innovation and entrepreneurship in the sector.
- Blockchain Technology: The adoption of blockchain technology ensures transparency and traceability in the fisheries supply chain.
- Modern Fishing Villages: Modern fishing villages are being developed to improve living conditions and infrastructure for coastal fisher communities.
- Fish Farmers Producer Organizations (FFPOs): The scheme promotes FFPOs to empower fishers and farmers, enabling them to access resources and markets effectively.
- Aqua Parks: The development of Aqua Parks with modern aquariums serves educational and recreational purposes, promoting awareness about aquatic life and conservation.
- Extension Support Services: “Sagar Mitras” and Fisheries Extension Service Centers are being created to provide support and knowledge to fisher communities.
- Insurance Coverage: Introduction of insurance coverage for fishing vessels enhances the financial security of fishermen.
A Bright Future
PMMSY envisions an India where the fisheries sector thrives, contributing significantly to economic growth, employment generation, and food security.
The scheme’s targets are ambitious but achievable, including increasing fish production, raising domestic consumption, and doubling export earnings.
As PMMSY continues to unfold, it holds the promise of transforming the lives of millions of fishers and fish farmers across the country.
By nurturing the “Blue Revolution,” India is not only securing its food resources but also uplifting the communities dependent on its bountiful waters.
What is Pradhan Mantri Matsya Sampada Yojana (PMMSY)?
What are the main objectives of PMMSY?
How long will PMMSY be implemented?
What is the total investment in PMMSY?
What is the significance of PMMSY in the fisheries sector?
What are some of the new strategies introduced under PMMSY?
How does PMMSY support sustainability in fisheries?
How can individuals or organizations benefit from PMMSY?
What are the expected outcomes of PMMSY?
Are there specific targets set under PMMSY?
Myworldstuffs Publish Articles for informational purposes only. For the most up-to-date and accurate information, we recommend visiting the official websites of relevant sources. The display of trademarks, trade names, logos, and other intellectual property is solely for informational purposes and does not imply any partnership between myworldstuffs and the owners of such intellectual property or the issuers/manufacturers of the mentioned products. All intellectual property rights belong to their respective owners.
Was this helpful?
Hey, I’m Ratiranjan Singha, the Creator of Myworldstuffs.com. I Offer in-Depth Articles and Guides that Help you to Understand Various Financial Concepts.