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Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) - UPSC Polity And Governance
What is Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) in UPSC Polity And Governance?
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) is a key topic under Polity And Governance for UPSC Civil Services Examination. Key points include: PM-MKSSY is a Central Sector sub-scheme of PMMSY, approved in Feb 2024 for FY 2023-24 to FY 2026-27.. Its core objectives are formalizing the unorganized fisheries sector via digital identities (NFDP) and improving access to institutional finance.. The scheme also promotes aquaculture insurance and traceability for enhanced quality assurance in supply chains.. Understanding this topic is essential for both UPSC Prelims and Mains preparation.
Why is Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) important for UPSC exam?
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) is a Medium-level topic in UPSC Polity And Governance. It is tested in both Prelims (factual MCQs) and Mains (analytical answer writing). Previous year UPSC questions have frequently covered aspects of Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), making it essential for comprehensive IAS preparation.
How to prepare Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) for UPSC?
To prepare Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) for UPSC: (1) Study the comprehensive notes covering all key concepts on Vaidra. (2) Practice previous year questions on this topic. (3) Connect it with current affairs using daily updates. (4) Revise using key takeaways and mind maps available for Polity And Governance. (5) Write practice answers linking Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) to related GS Paper topics.
Key takeaways of Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) for UPSC
- PM-MKSSY is a Central Sector sub-scheme of PMMSY, approved in Feb 2024 for FY 2023-24 to FY 2026-27.
- Its core objectives are formalizing the unorganized fisheries sector via digital identities (NFDP) and improving access to institutional finance.
- The scheme also promotes aquaculture insurance and traceability for enhanced quality assurance in supply chains.
- PMMSY, the parent scheme (2020-2025), aims to usher in a 'Blue Revolution' by increasing fish production to 22 MMT by 2024-25.
- Both schemes collectively focus on sustainable fisheries development, comprehensive sector growth, and the socio-economic welfare of fishers.
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)
Medium⏱️ 7 min read
polity and governance
📖 Introduction
Introduction to PM-MKSSY
The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) is a significant initiative aimed at bolstering India's fisheries sector. It functions as a crucial Central Sector sub-scheme under the broader Pradhan Mantri Matsya Sampada Yojana (PMMSY).
The Department of Fisheries recently organized a meeting to discuss the implementation of this newly introduced scheme.
Approval and Duration
The Government officially approved the PM-MKSSY in February 2024. This sub-scheme is slated for a duration of four years, covering the period from FY 2023-24 to FY 2026-27.
Key Detail: PM-MKSSY is a Central Sector sub-scheme, meaning it is fully funded by the Central Government.
Objectives of PM-MKSSY
- Formalization of the Unorganized Sector: A primary goal is the gradual formalization of the vast unorganized fisheries sector. This is achieved by creating work-based digital identities for beneficiaries.
- Digital Platform Integration: These digital identities are established under the National Fisheries Digital Platform (NFDP), which aims to improve overall service delivery.
- Enhanced Financial Access: The scheme facilitates greater access to crucial institutional finance. This support is extended to both individual fish farmers and micro and small enterprises (MSMEs) in the sector.
- Empowering Fish Farmers: It empowers fish farmers by providing access to vital financial resources, ensuring funding and promoting sustainable operational options.
- Risk Mitigation & Quality Assurance: PM-MKSSY actively promotes the adoption of insurance for aquaculture, thereby reducing inherent risks. It also integrates robust traceability mechanisms for quality assurance across the entire supply chain.
Understanding the Parent Scheme: PMMSY
The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is the overarching scheme, implemented by the Department of Fisheries. Its core objective is to usher in a 'Blue Revolution' in India.
PMMSY focuses on the sustainable and responsible development of India’s fisheries sector. It ensures comprehensive growth while prioritizing the welfare of fishers.
PMMSY Implementation: This scheme is implemented across all States and Union Territories for a period of 5 years, from FY 2020-21 to FY 2024-25.
Objectives and Targets of PMMSY
PMMSY addresses critical gaps in various aspects of the fisheries sector. These include improving fish production, enhancing productivity, ensuring better quality, and upgrading post-harvest infrastructure.
The scheme aims to improve the entire value chain of the fisheries sector. Simultaneously, it works towards ensuring the **socio-economic welfare** of the fishing communities.
Key Target of PMMSY: To significantly increase fish production to 22 million metric tons by 2024-25. This is a substantial rise from the 13.75 million metric tons recorded in 2018-19.
💡 Key Takeaways
- •PM-MKSSY is a Central Sector sub-scheme of PMMSY, approved in Feb 2024 for FY 2023-24 to FY 2026-27.
- •Its core objectives are formalizing the unorganized fisheries sector via digital identities (NFDP) and improving access to institutional finance.
- •The scheme also promotes aquaculture insurance and traceability for enhanced quality assurance in supply chains.
- •PMMSY, the parent scheme (2020-2025), aims to usher in a 'Blue Revolution' by increasing fish production to 22 MMT by 2024-25.
- •Both schemes collectively focus on sustainable fisheries development, comprehensive sector growth, and the socio-economic welfare of fishers.
🧠 Memory Techniques
95% Verified Content
📚 Reference Sources
•Press Information Bureau (PIB) releases, Ministry of Fisheries, Animal Husbandry & Dairying, Government of India (for scheme approval and details)
•Official documents pertaining to Pradhan Mantri Matsya Sampada Yojana (PMMSY)