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?

• To promote sustainable practices, Department of Fisheries has sanctioned 732 artificial reef units for 10 coastal states with a total investment of Rs 126 crore as a sub-activity under “Integrated Modern Coastal Fishing Villages” of the Centrally Sponsored Scheme (CSS) of Pradhan Mantri Matsya Sampada Yojana (PMMSY). 
• As one of the impactful strategies, installation of artificial reefs in coastal waters and undertaking sea ranching programs across in all coastal states is expected to rejuvenate of coastal fisheries and re-build fish stocks. 

https://pib.gov.in/PressReleasePage.aspx?PRID=1959725