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.
20050
Funding Ratio (Centre:State): Central Sector: 100% Central; Centrally Sponsored: 60:40 (General), 90:10 (NE/Hilly), 100% (UTs)
GS Paper: GS3
Syllabus Tags
Launched in May 2020 as part of the Atmanirbhar Bharat package to revitalize the fisheries sector which supports 2.8 crore people.
Digital platform for fish farmers to provide market access and technical advice.
Metric
Rs. 20,050 Crore
Source: Ministry of Fisheries
Metric
8.11%
Source: PIB
PMMSY is a landmark intervention for the 'Blue Revolution 2.0'. It addresses the critical gaps in the fisheries value chain, particularly post-harvest losses which are as high as 20-25%. By focusing on 'Sagar Mitras' and 'Fisheries Clusters', it aims to organize a highly fragmented sector. However, the success of the scheme depends on state-level implementation capacity and the ability to mitigate climate change impacts on marine and inland water bodies. The transition from traditional fishing to intensive aquaculture requires massive skill upgradation and capital investment which remains a bottleneck.
Explain the significance of PMMSY in transforming India's Blue Economy. How can it balance the objectives of economic growth and environmental sustainability?
Blue Economy is the new frontier for Indian agriculture. PMMSY fodder points: 1. Doubling fishers' income. 2. Enhancing export earnings to Rs. 1 lakh crore. 3. Sustainable development through Mariculture and Seaweed cultivation. 4. Focus on traceability and quality standards to meet international phytosanitary norms.