About PMMSY

• The central government launched the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in 2020 to bring about the Blue Revolution through sustainable and responsible development of the fisheries sector in India. 
• It is implemented by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying.

Objectives

• It is a flagship scheme for integrated, sustainable, inclusive development of marine and inland fisheries sector in the country with an estimated investment of Rs. 20,000 crores for its implementation during a period of 5 years from FY 2020-21 to FY 2024-25 in all States/Union Territories.
• It aims at enhancing fish production by an additional 70 lakh tonne by 2024-25, increasing fisheries export earnings to Rs.1,00,000 crore by 2024-25, doubling of incomes of fishers and fish farmers, reducing post-harvest losses from 20-25% to about 10%.
• It is designed to address critical gaps in fish production and productivity, quality, technology, post-harvest infrastructure and management, modernization and strengthening of value chain, traceability and establishing a robust fisheries management framework and fishers’ welfare. 
• It primarily focuses on adopting ‘Cluster or Area based approaches’ and creation of Fisheries clusters through backward and forward linkages.
• The scheme also aims at generating additional 55 lakhs direct and indirect gainful employment opportunities in the fisheries sector and allied activities.

Sub components covered under PMMSY 

• Enhancement of Production and Productivity 
• Infrastructure and Post-Harvest Management 
• Fisheries Management and Regulatory Framework.

Why in News?

• Projects worth Rs 14,656 crore have been approved under PMMSY during the last three years from 2020-21 to 2022-23 for the States/UTs.

https://pib.gov.in/PressReleasePage.aspx?PRID=1936017