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  4. Pradhan Mantri Matsya Sampada Yojana

Pradhan Mantri Matsya Sampada Yojana

Ministry of Fisheries, Animal Husbandry and DairyingactiveagricultureLaunched: 2020-09-10

About the Scheme

PMMSY is the flagship scheme for fisheries sector development with ₹20,050 crore budget (2020-25) — largest investment in fisheries. Aims to double fish production to 220 lakh MT by 2024-25, fisheries exports to ₹1 lakh crore, and create 55 lakh employment. As of 2025: fish production crossed 175 lakh MT; fisheries exports ₹60,000 crore+.

Target Beneficiaries: 55 lakh fishers, fish farmers, fish workers; coastal fishing communities; aquaculture farmers

Implementing Agency: Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India, in collaboration with State/UT Fisheries Departments.

Official Website →

✦Key Features

  • Budget: ₹20,050 crore for 2020-2025 — highest ever for fisheries sector
  • Target: 220 lakh MT fish production by 2024-25; ₹1 lakh crore exports by 2024-25
  • Creating 55 lakh additional employment in fisheries sector
  • Subsidy for fishing vessels, fish processing, cold storage, fish markets
  • Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY): credit and formalization
  • Deep sea fishing vessel support; cage culture in reservoirs; seaweed cultivation
  • Aquaculture promotion: shrimp farming, ornamental fish, freshwater fish

✓Eligibility Criteria

  • Individual fishers and fish farmers
  • Fish Farmers Producer Organizations (FFPOs)
  • Self-Help Groups (SHGs) and Joint Liability Groups (JLGs)
  • Fisheries Cooperatives and Federations
  • Entrepreneurs and private firms

★Benefits

  • Increased income for fishers and fish farmers
  • Enhanced food and nutritional security
  • Creation of direct and indirect employment opportunities
  • Modernization and strengthening of the fisheries value chain
  • Boost to fisheries exports and economic growth

▶Application Process

  • Application through State Fisheries Departments or designated online portals
  • Submission of detailed project proposals
  • Verification and approval by district/state level committees
  • Disbursement of financial assistance in installments
  • Regular monitoring and evaluation of project implementation

₹ Budget Allocation

20050

Funding Ratio (Centre:State): Central Sector: 100% Central; Centrally Sponsored: 60:40 (General), 90:10 (NE/Hilly), 100% (UTs)

UPSC Relevance

GS Paper: GS3

Prelims Relevance8%
Mains Relevance8%

Syllabus Tags

AgricultureFisheriesBlue EconomyFood SecurityGS3

Historical Context

Launched in May 2020 as part of the Atmanirbhar Bharat package to revitalize the fisheries sector which supports 2.8 crore people.

Pradhan Mantri Matsya Sampada Yojana — Govt Scheme for UPSC | Vaidra