The Cabinet has approved the “Pradhan Mantri Matsya Sampada Yojana – A scheme to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India” with highest ever investment of Rs. 20050 crores in fisheries sector comprising of Central share of Rs. 9407 crore, State share of Rs 4880 crore and Beneficiaries contribution of Rs. 5763 crore.
The Pradhan Mantri Matsya Sampada Yojana scheme aims to bring about Blue Revolution through sustainable and responsible development of the fisheries sector in India under two components namely, Central Sector Scheme (CS) and Centrally Sponsored Scheme (CSS).
PMMSY Scheme will be implemented during a period of 5 years from FY 2020-21 to FY 2024-25.
The scheme aims to address the critical gaps in the fisheries sector and realize its potential.
The main objective of the scheme is the doubling of fishers, fish farmers, and fish workers’ incomes by 2024.
It will ensure the availability of certified quality fish seed and feed, traceability in fish, and including effective aquatic health management.
