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PMMSY: Revolutionizing India’s Fisheries and Aquaculture Sector

Introduction

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is an ambitious initiative by the Government of India aimed at
transforming the country’s fisheries and aquaculture sectors. Launched in 2020, PMMSY seeks to enhance fish
production, promote sustainable practices, and ultimately improve the socio-economic standing of fish farmers and
related stakeholders.


Budget Allocation

The PMMSY scheme has been allocated a substantial budget of ₹20,050 crore by the Government of India. This allocation is part of a larger commitment to doubling the income of fishers, enhancing fish production, and promoting sustainable practices within the sector.


Key Targets

  • Enhance fish production to 22 million metric tonnes by 2024-25.
  • Double fisheries exports to ₹1,00,000 crore by 2024-25.
  • Generate approximately 55 lakh gainful employment opportunities.

Key Benefits

  • Increase in fish production and productivity.
  • Development of modern and sustainable aquaculture infrastructure.
  • Improvement of post-harvest infrastructure and management.
  • Promotion of better fish ecosystems and marketing strategies.
  • Support to fishers in terms of technology, financial assistance, and insurance coverage.

Beneficiaries

The primary beneficiaries of the PMMSY scheme include:

  • Fishers and fish farmers.
  • Fishery cooperatives and farmer producer organisations (FPOs).
  • Entrepreneurs engaged in fish processing and trading.
  • Coastal and inland communities dependent on fisheries.

Contact Information

Ministry of Fisheries, Animal Husbandry and Dairying

For more information, you can contact the Ministry of Fisheries, Animal Husbandry, and Dairying at: