Pradhan Mantri Matsya Sampada Yojana: 2023 Guide

In the presence of the Governor and Chief Minister of Bihar, as well as the Union Minister and MoS for Fisheries, Animal Husbandry & Dairy, Narender Modi officially launched the Pradhan Mantri Matsya Sampada Yojana on September 10, 2020, at 10:10 PM over video conference. The government would make an anticipated investment in this program between 2020-2021 and 2024-2025 of Rs. 20,050 crores. Out of this, about Rs. 7710 crores is suggested for Fisheries Infrastructure and Rs. 12340 crores is proposed for beneficiary-oriented activities in Marine, Inland Fisheries, and Aquaculture.

The government's primary goal in implementing the plan is:

1. Up till 2024–2025, increase fish production by an additional 70 lakh tonnes.

2. Boosting fisheries export revenue to Rs. 1 trillion crore,

3. Earnings of fishers and fishermen have doubled

4. Post-harvest losses are decreased from 20–25% to roughly 10%.

5. Creation of 55 lakh more chances for direct and indirect gainful employment in the fishing industry and related fields among farmers

Objective of the PM Matsya Sampada Yojana

The following list includes each of the following goals as part of the Matsya Sampada Yojana:-

1. With this plan, the chain's current structure from the ranch's entrance to its retail location will be improved.

2. The nation's food preparation industry will flourish further under PMMSY.

3. GDP, employment, and entrepreneurship will all increase.

4. Reducing the enormous wastage of horticulture products thanks to this scheme.

5. The ranchers' costs will be improved, and their pay will be doubled.

6. Fisheries potential saddled in a cost-effective, competent, thorough, and impartial manner

7. Development, augmentation, expansion, and good use of land and water to increase fish production and efficiency

8. Improving quality and modernizing and strengthening the merit system by post-rewarding executives

Implementing Matsya Sampada Yojana's guidelines

On June 30, 2020, the authorities published the Pradhan Mantri Matsya Sampada Yojana's operational guidelines. The total investment for this program is Rs. 9407 crores from the central government, Rs. 4,880 crores from the state government, and Rs. 5763 crores from the beneficiaries.

The following are implementation guidelines:

1. To get the best results with the necessary forward and backward linkages and end-to-end solutions, a cluster- or area-based approach will be adopted for the scheme's implementation.

2. Recirculatory Aquaculture Systems, Biofloc, Aquaponics, Cage Cultivation, and other technologies will be employed to increase production and productivity through the quality, productive usage of wastelands and rivers for aquaculture.

3. A particular emphasis will be placed on the promotion of coldwater fisheries and the establishment of aquaculture in Brackish Water and Saline Areas.

4. Activities like mariculture, seaweed farming, and ornamental fishing would be promoted in order to create a significant amount of employment opportunities.

5. Fisheries would be the primary emphasis of development in Jammu and Kashmir, Ladakh, the Islands, the Northeast, and the Inspirational Districts.

6. The development of coastal fishing communities would be accomplished holistically under this plan by integrating contemporary coastal fishing villages with the required infrastructure.

7. To strengthen the negotiating position of fishermen and fish farmers Fish Farmer Producer Organizations would be used for collection.

8. The plan calls for the development of aqua parks as the center of a variety of fishing activities and facilities.

Effects of PMMSY

The program will have the following effects on India's entire fishing community:

1. By 2024–2025, the plan will contribute to an increase in fish production from 137.58 lakh metric tons in 2018–19 to 220 lakh metric tons.

2. The plan will maintain annual fish production growth of roughly 9% on average.

3. The program will support an increase in the fisheries sector's GVA contribution to agriculture's GVA from 7.28% in 2018–19 to roughly 9% by 2024–25.

4. By 2024–25, the program will have increased export revenue from Rs. 46,589 crores (2018–19) to almost Rs. 1,000,000 crores.

5. The program will increase aquaculture productivity from the current national average of 3 tonnes to around 5 tonnes per hectare.

6. The plan will reduce post-harvest losses from the previously reported 20–25% to roughly 10%.

7. The program will contribute to an increase in domestic fish consumption from approximately 5–6 kg to approximately 12 kg per capita.

8. The program would open up over 55 lakh direct and indirect job opportunities in the supply and value chains as well as the fisheries industry.