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?

• The Department of Fisheries, Ministry of Fisheries, Animal Husbandry, and Dairying has extended an invitation to 250 beneficiaries of the Pradhan Mantri Matsya Sampadan Yojana (PMMSY) and their spouses as special guests to witness the Republic Day Parade 2024 at Kartavya Path, New Delhi. 

https://pib.gov.in/PressReleasePage.aspx?PRID=1999521