Pradhan Mantri Matsya Sampada Yojana – Benefits & Application

Major Goals of the Pradhan Mantri MSY Scheme

The expansion of the aquaculture and fishing sectors is the main goal of the PMMSY Scheme.

• Make use of the fishing industry’s potential in a way that is responsible, equitable, sustainable, and inclusive.
• Making efficient use of land and water resources to boost fish production.
• Increased revenues for fishermen & fish growers.
• Create job possibilities in the fishing industry.
• Boost agriculture’s overall exports &(GVA) Gross Value Added.
• Gives the social, financial, and physical security that all fishermen and fish farmers needed.
• Establish a strong framework for the control and management of fisheries.
• Modernise and bolster the value chain, paying particular attention to post-harvest organising & quality enhancement.
• Increase the wages of fishers and fish growers by twofold and create significant employment
• Increase the sector’s exports and GVA in agriculture.
•  Establish a solid legal and management framework for fisheries.

Important New Approaches for PMMSY

As part of the plan, the government has pioneered several programs to support the fishing industry:

• The current areas of concentration include the construction of Nucleus Breeding Centres for self-reliance in Shrimp Broodstock and the genetic improvement of economically relevant fish species.
• Aquaculture & Fisheries start-up promotion, as well as the support of marine ranching, incubators, promoting business strategies & innovations.
• Utilisation of accreditation of farms, blockchain technology, adoption of global certification standards, hatcheries, and other facilities, etc.
• Coastal fishing communities: The PMMSY Scheme will focus on establishing contemporary fishing villages as a crucial new tactic.
• Fishermen and fish farmers can become collectively organised through fish farmers’ producer organisations.
• Aqua parks are being built to house contemporary aquariums.
• Services for Extension Assistance: 3347 Children’s participation in fisheries extension will help to create Sagar Mitras. The establishment of Fisheries Extension Service Centres.
• The establishment of fishing vessel insurance coverage.

Importance of the PMMSY Scheme

The following are the desired results of PMMSY:

• By 2025, the number of fish produced will increase from 13.75 million metric tonnes (MMT) in 2018–19.
• By 2025, the fisheries industry will have a 9% greater GVA contribution to agriculture than it has today (7.28%).
• Export earnings would have quadrupled by 2025 and will be Rs. 46589 billion.
• From 25% to 10% fewer losses occurred after harvest.
• There are 15 lakh new opportunities for direct work.
• The amount of fish consumed per person in the nation climbed from 5 kg to 12 kg.

Benefits of the Scheme

• To properly use the fisheries sector’s potential and overcome critical shortcomings.
• Increasing yield of fish and productivity at a consistent average yearly growth rate.
• The inclusion of effective aquatic health management, the provision of fish seed and feed of tested quality & the growth of fish traceability.
• ·The development of vital infrastructure, including modernization and value chain improvement.
• Creating 15 lakh opportunities for people in the allied industries & fishery, including labourers, traders, farmers, and other urban & rural communities.
• Fish and fisheries goods will be more competitive, and there will be more investment in the fishing sector.
• Security for fishermen & fish workers on all three fronts.

PMMSY Scheme Aims to Increase Fish Productivity

The PMMSY’s primary goals for increasing fish output and productivity are as follows:

• Raising fish output to 22 million metric tonnes by the year 2024–2025 from 13.75 million metric tonnes in the year 2018–2019.
• Increasing aquaculture production from the 3 tonnes per acre national average now in place to 5 tonnes.
• Raising the amount of intake domestic fish by each person from 5 kg to 12 kg.

Production of Income and Employment

• Creating 55 lakh chances for direct and indirect employment throughout the value chain.
• he revenues of fishermen & fish growers doubled.

Economic Value Added

• Increasing the proportion of the agricultural GVA accounted for by the fisheries industry from 7.28 percent in the year 2018–2019 to around 9 percent by 2024–2025.
• Increasing export revenue to $1 trillion in 2024–2025 from $46,589 billion in 2018–2019.
• Supporting increased entrepreneurship and private investment in the fishing sector.
• A reduction in post-harvest losses to roughly 10% from the previously reported 20–25% level.

Effects of PMMSY Scheme:

Effects of the PMMSY Scheme: The investment amount of Rs 20,050 crores is the highest amount ever given to the fishing and aquaculture industries. From 13.75 M metric tonnes in the year 2018–2019 to 22 M metric tonnes in the year 2024–2025, it is predicted that fish output would rise via PMMSY. It also intends to quadruple export earnings to around Rs. 1,000,000 crores by 2024–2025, increasing the incomes of both fishermen & fish farmers. The massive amount of investment in the industry will also provide around 55 lakh opportunities for rewarding employment in addition to the supply and value chains.

Possibilities of the PMMSY Program

The Atmanirbhar Bharat program, which is dedicated to the long-term development of India’s fisheries industry in several ways, includes the PMMSY program.

• To increase the revenue of Indian fish producers and fishermen by twofold.
• To raise the share of the fisheries industry in the agricultural GVA from 7.28 to 9% by 2024–2025.
• To increase the number of fish produced from 13.75 million metric tonnes in 2018–2019 to 22 million metric tonnes by 2024–2025.
• By 2024–25, export revenue should have increased from Rs. 46,589 crores in the year 2018–2019.
• To increase the output of aquaculture from the current national average of 3 tonnes per hectare to approximately 5 tonnes per hectare.
• Decrease reported post-harvest losses from 20% to 25% to around 10%.
• To generate three times as many indirect job opportunities in the supply and value chains as there are direct ones—roughly 15 lakhs—for people to earn a living.

EIAs' function under PMMSY Scheme

The following End Implementing Agencies (EIAs) would carry out the PMMSY:

• The central government’s departments and agencies & National Fisheries Development Board.
• Local & State and governments and their departments.
• Boards for the Development of State Fisheries.
• whichever other End Implementing Agencies the Department of Fisheries sees suitable.

PMMSY Yojana’s Major Components

• A detailed scheme with a budget of Rs. 20,050 crores, the PMMSY consists of two parts: a central sector program and a program that the government sponsors.
• The central sector system consists of both beneficiary- and non-beneficiary-oriented programs, with 40% of general category beneficiaries receiving central aid and ST/SC/Women recipients receiving it at 100%.
• The PMMSY focuses on three primary sub-components under the overarching sponsored scheme component:

1. §  Increasing output and productivity
2. §  Managing the harvest, and Building infrastructure
3. §  Enhancing regulatory and management structures for fisheries.

How to Register for PMMSY Scheme?

As you are all aware, the government has begun offering the fishermen the PMMSY Scheme. The development of the fisheries industry is the key goal of this plan. The PMMSY Scheme would provide around 29 advantages. For ST, SC, and women, 60% of the unit cost will be supplied in total, while the remaining 40% will go to other groups.

• Visit the department’s authorised website to apply for the PMMSY Scheme on behalf of all recipients. The applications for this scheme must be submitted by 5 December 2020.
• According to fisheries development officer Chitranjan Kumar, the application process is quite straightforward.
• By going to the department’s authorised website, the recipients must log in.
• The next step is for the applicant to submit the form and provide all the necessary files.
• In addition, the applicant must draw his own DPR – SCP and submit it along with the application.
• Grants will be awarded based on unit prices even when SCP and DPR expenses can exceed those costs. You may download the DPR template from the authorised website.

Frequently Asked Questions (FAQs)