Monday, February 6, 2023

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

Prime Minister envisioned PMMSY as a tool of Atma Nirbhar Bharat towards the purpose of rural development by utilizing rural resources and boosting rural economy in a rapid way. PMMSY can be a key factor for augmenting livelihood of rural sector of the nation. The main motto of PMMSY is ‘Reform, Perform and Transform’ in the fisheries sector.

The reforms and initiatives in PMMSY scheme have been inculcated in core & trunk infrastructure development, modernization of Indian fisheries, especially the push for new fishing harbours/landing centres, modernisation and mechanization of traditional fishermen crafts-trawlers-deep sea going vessels, provision of post-harvest facilities to reduce post-harvest loss, cold chains facilities, clean and hygienic fish markets, two wheelers with ice boxes and many more. Fishermen are provided with insurance cover, financial assistance and a facility of Kisan Credit Card as well. PMMSY has set a way forward to enhance its utilization by invigorating rural economy.

The interventions in the scheme have been adequately developed to cater to multi-pronged aspects in terms of people, process and technology which are the 3 important pillars of continued growth and change. These 3 pillars comprise various aspects across the chain: sustainable production practices; adequate processing infrastructure creation; target marketing for end consumer; inclusive policies and ample regulatory frameworks for adoption.

To give right impetus to the state initiatives though technology adoption, optimal utilization of fisheries and capacity building, the Department has sanctioned proposals from different states for leveraging innovative technologies under Ministry’s flagship scheme of Pradhan Mantri Matsya Sampada Yojana (PMSSY).

The Government of India, as part of the ‘Atma Nirbhar Bharat’ package, introduced the Pradhan Mantri Matsya Sampada Yojana (PMMSY) with investments to the tune of Rs. 20,050 crores, highest ever investment in the sector.

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