Government Launched Pradhan Mantri Matsya Sampada Yojana

Prime Minister Modi has launched the PM Matsya Sampada Yojana with an estimated investment of ₹20,050 crores for the sustainable development of the fisheries sector in three-four years.

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Key-Points

It is being launched in 21 States of the country with an investment of Rs 20,000 Crores which would be spent in the next 4-5 Years.

The scheme provides for new infrastructure, modern equipment and access to new markets to the fish producers, along with increased opportunities for through farming as well as other means.

This is the first time after independence, that such a major scheme has been launched in the country for the fisheries sector.

The goal is also to double fish exports in the coming 3-4 years. This will create millions of new employment opportunities only in the fisheries sector.

It also aims at enhancing fish production by an additional 70 lakh tonne by 2024-25.