The Pradhan Mantri Matsya Sampada Yojana (PMMSY) aims to enhance fish production to 220 lakh metric tons by 2024-25 from 137.58 lakh metric tons in 2018-19 at an average annual growth rate of about 9%.
The scheme will bring about Blue Revolution through the sustainable and responsible development of the fisheries sector in India.
PMMSY scheme will be implemented over a period of 5 years from FY 2020-21 to FY 2024-25 in all States/Union Territories.
The scheme aims to double export earnings to Rs.1,00,000 crore.
It also aims to generate about 55 lakh direct and indirect employment opportunities in the fisheries sector.
The scheme is dedicated to aiding the fishers, fish farmers, fish workers, fish vendors, and other stakeholders associated with the fisheries sector.
The scheme will envisage an estimated investment of Rs.20,050 crores comprising a Central share of Rs.9,407 crore, the State share of Rs.4,880 crore, and Beneficiaries contribution of Rs.5,763 crore.
The PMMSY aims to infuse new and emerging technologies like Re-circulatory Aquaculture Systems, Biofloc, Aquaponics, Cage Cultivation, etc. to enhance production and productivity, productive utilization of wastelands and water for Aquaculture.
