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.
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