Pradhan Mantri Matsya Sampada Yojana 2024: Transforming India’s Fisheries Landscape

Pradhan Mantri Matsya Sampada Yojana 2024: This article dives into the Pradhan Mantri Matsya Sampada Yojana, a government initiative launched in September 2020 to boost India’s fisheries sector. We’ll explore the program’s goals, benefits for participants, and eligibility requirements.

The scheme boasts a budget of Rs. 20,050 crores for the period 2020-2021 to 2024-2025. This investment aims to achieve significant progress by 2

• Increasing fish production by 70 lakh tonnes by 2024-25.
• Doubling fishers’ and fish farmers’ incomes.
• Boosting fisheries exports to Rs. 1,00,000 crore.
• Reducing post-harvest losses from 20-25% to 10%.
• Creating 55 lakh new jobs in fisheries and allied sectors.

PM Matsya Sampada Yojana Objective 

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) aims to achieve a multi-pronged transformation of the fisheries sector. Here’s a breakdown of its key goals:

• Revamping the Value Chain: PMMSY seeks to improve the entire fish production process, from farms to markets. This includes modernizing infrastructure and logistics.
• Boosting Food Processing: The scheme aims to significantly expand India’s food processing capacity, specifically for fisheries products.
• Economic Growth: PMMSY is designed to contribute to India’s GDP growth by promoting fisheries production and exports. It also aims to generate employment opportunities and encourage entrepreneurship.
• Minimizing Waste: A crucial objective is to reduce the substantial post-harvest losses currently experienced in the fisheries sector.
• Empowering Fish Farmers: The program aims to ensure fish farmers receive better prices for their products, ultimately doubling their incomes.

Details Of Pradhan Mantri Matsya Sampada Yojana 2024

Target Of Yojana

• Invest Rs. 20,050 crore to strengthen the fisheries sector ecosystem.
• Increase fish production from 13.75 million metric tons to 22 million metric tons.
• Double fisheries exports from Rs. 46,000 crore to Rs. 1,00,000 crore.
• Reduce post-harvest losses from 20-25% to 10%.
• Double the income of fishers and fish farmers.
• Generate 15 lakh direct jobs and create an additional three times that number in indirect employment.
• Promote private investment and entrepreneurship in the fisheries sector.
• Increase the fisheries sector’s contribution to agricultural Gross Value Added (GVA) from 7.28% to 9%.
• Raise domestic fish consumption from 5 kg to 12 kg per capita.

Benefits Of Pradhan Mantri Matsya Sampada Yojana

The government aims to increase agricultural production, modernize food processing, and reduce waste. Recognizing the potential of fisheries, they launched the PMMSY scheme to establish a robust fisheries infrastructure and address gaps in the value chain. This initiative, also known as the “Neeli Kranti” or “Blue Revolution,” aspires to make India a global leader in fish production. PMMSY complements existing programs led by the Ministry of Food Processing Industries (MoFPI), such as Food Parks, Food Safety, and Infrastructure initiatives.

Implementation Of Matsya Sampada Yojana 

The government has allocated a budget of Rs. 6,000 crore for PMMSY, with an expected leverage of Rs. 31,400 crore from private investments. This significant investment aims to handle around 334 lakh metric tons (MT) of agro-produce, valued at Rs. 1,04,125 crore. It’s estimated that around 2 million fish farmers will benefit from the scheme, creating approximately 5.3 lakh direct and indirect jobs across India in 2019-2020. As part of the “Blue Revolution” initiative to boost fish production, the government has set ambitious goals. The target is to reach 15 million tons by 2020 and further increase it to 20 million tons by 2022-23.

Implementing Guidelines 

• Cluster-Based Approach: Focuses on specific areas for optimal results, ensuring strong production linkages and comprehensive solutions.
• Enhanced Production and Productivity: Utilizes technologies like Re-circulatory Aquaculture Systems for improved fish production, quality, and efficient resource utilization. Special focus on coldwater fisheries and aquaculture expansion in brackish water areas.
• Employment Generation: Promotes activities like mariculture, seaweed cultivation, and ornamental fisheries to create job opportunities.
• Area-Specific Development: Provides targeted support for fisheries development in Jammu & Kashmir, Ladakh, Islands, Northeast states, and aspirational districts.
• Coastal Community Development: Establishes modern integrated coastal fishing villages with infrastructure for holistic development.
• Empowering Fishers and Farmers: Encourages collectivization through Fish Farmer Producer Organizations (FFPOs) to strengthen bargaining power.
• Aquapark Development: Creates hubs for diverse fisheries activities and facilities.
• Fisheries Incubation Centers (FICs): Supports establishment of FICs through both government and private initiatives.
• Research and Extension Support: Collaborates with DARE and ICAR to strengthen research and support services.
• Livelihood Support: Provides annual support to fishers during lean seasons.

Beneficiaries Of PMMSY Scheme 2024 

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is open to a wide range of individuals and organizations involved in the fisheries sector. Here’s a breakdown of eligible beneficiaries:

Individual Participants:

• Fishers
• Fish farmers
• Fish workers and vendors (This could be rephrased as processors and sellers)
• SCs/STs/Women/Differently Abled persons (for inclusive participation)

Industry Groups:

• Fisheries Development Corporations
• Self Help Groups (SHGs)/Joint Liability Groups (JLGs)
• Fisheries cooperatives
• Fisheries Federations
• Fish Farmer Producer Organizations/Companies (FFPOs/Cs)

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Pradhanmantri Matsya Sampada Yojana Application Procedure

The government’s PMMSY scheme aims to significantly develop India’s fisheries sector. Here’s a summary of key points:

• Benefits: The program offers around 29 benefits to support fishers and fishery businesses.
• Financial Assistance: SC/ST/Women beneficiaries can receive up to 60% of the unit cost for eligible activities, while other categories receive 40%.
• Easy Online Application: Applications are submitted through the department’s official website (https://www.pmmsy.dof.gov.in/).
• Application Deadline: As of today (July 5, 2024), the application deadline mentioned is no longer valid. You can visit the official website for the latest application window.
• Simple Application Process: According to a fisheries development officer, the application process is straightforward:
• Visit the department’s website and log in (if applicable).
• Submit the online application form.
• Upload all required documents.
• Prepare and submit a Self-Concept Paper with Detailed Project Report (SCP-DPR). (Note: The DPR and SCP costs may exceed the unit cost, but the grant will be based on the unit cost).

Conclusion

PMMSY is a game-changer for India’s fisheries sector. By fostering infrastructure development, empowering fish workers, and strengthening the value chain, the scheme paves the way for a brighter future for the industry. It promises increased fish production, improved livelihoods for fish workers, and a significant boost to the national economy.

FAQ,s – Pradhan Mantri Matsya Sampada Yojana 2024