Pradhan Mantri Matsya Sampada Yojana

Latest Update:

Interim Budget 2024-25: In the Interim Budget 2024-25, the Finance Minister announced that the implementation of the PMMSY will be stepped up to enhance aquaculture productivity from the existing 3 to 5 tons per hectare, double exports to 1 lakh crore, generate 55 lakh employment opportunities and set up 5 integrated aquaparks.

Budget 2023-24: In the Budget 2023-24, the Finance Minister announced that a new sub-scheme will be launched under the PMMSY to improve value chain efficiencies and expand the market.

Under the Ministry of Fisheries, Animal Husbandry and Dairying, the Department of Fisheries implements the Pradhan Mantri Matsya Sampada Yojana (PMMSY). This scheme was launched to bring about the ‘Blue Revolution’ through responsible and sustainable development of the fisheries sector in India.

The government launched the PMMSY to address crucial gaps in the fisheries value chain of fish productivity, production, quality, post-harvest infrastructure, technology and marketing. It aims to strengthen and modernise the value chain, establish a fisheries management framework, enhance traceability while ensuring the socio-economic welfare of fish farmers and fishers. 

The government approved the PMMSY with an estimated investment of Rs.20,050 crore to develop the fisheries sector and the welfare of the fishers. This scheme is being implemented in all the States and Union Territories in India for five years, i.e. 2020-21 to 2024-25.

Objectives of PMMSY

The objectives of the Pradhan Mantri Matsya Sampada Yojana are:

• Harnessing of the fisheries potential in a responsible, inclusive, sustainable and equitable manner
• Enhancing fish productivity and production through diversification, intensification, expansion and productive utilisation of water and land. 
• Strengthening and modernising of the value chain, quality improvement and post-harvest management
• Doubling fish farmers and fishers incomes and creation of employment opportunities
• Enhancing contribution to exports and Agriculture GVA (Gross Value Added)
• Social, economic and physical security for fish farmers and fishers 
• Robust regulatory framework and fisheries management 

Beneficiaries under the PMMSY

The beneficiaries under the Pradhan Mantri Matsya Sampada Yojana are:

• Fish farmers
• Fishers
• Fish workers and fish vendors
• Self Help Groups (SHGs) and Joint Liability Groups (JLGs) in the fisheries sector
• Fisheries development corporations
• Fisheries federations
• Fisheries cooperatives
• Fish Farmers Producer Organisations/Companies (FFPOs/Cs)
• Entrepreneurs and private firms
• SCs, STs, differently-abled persons and women 

Sub-Scheme Under PMMSY

In the Budget 2023, the Finanace Minister announced that the government will launch a new sub-scheme under the PM Matsya Sampada Yojana with an investment of Rs.6,000 crore to enable activities of fish vendors, fishermen and micro and small enterprises for improving value chain efficiencies and expanding the market.

Impact of PMMSY

The Pradhan Mantri Matsya Sampada Yojana will have the following impact on the overall community of fisheries in India:

• Enhancement of fish production to 22 million metric tons by 2024-25 from 13.75 million metric tons in 2018-19
• Sustained average annual growth of around 9% in fish production
• Increase in the contribution of fisheries sector GVA to the Agriculture GVA to about 9% by 2024-25 from 7.28% in 2018-19
• Double export earnings to about Rs.1,00,000 crore by 2024-25 from Rs.46,589 crores  in 2018-19
• Improve productivity in aquaculture to about a national average of five tons per hectare from the current average of three tons per hectare
• Reduce the post-harvest losses from the recorded 20-25% to around 10%
• Improve the domestic fish consumption to about twelve kg from the current five kg per capita
• Creation of about 55 lakh direct and indirect employment opportunities in the fisheries sector along with the supply and value chain
• Doubling the incomes of fish farmers and fishers 
• Facilitation of growth of entrepreneurship and encouragement of private investment in the fisheries sector

Implementation of PMMSY

The Pradhan Mantri Matsya Sampada Yojana is an umbrella scheme consisting of the following two separate components: 

• Central Sector Scheme (CS)
• Centrally Sponsored Scheme (CSS)

The Centrally Sponsored Scheme (CSS) component is segregated into non- beneficiary oriented, and beneficiary orientated sub-components or activities under the following three heads:

• Enhancement of production and productivity
• Fisheries management and regulatory framework
• Infrastructure and post-harvest management

Central Sector Scheme (CS)

The Central Government bears the entire unit cost or project, i.e. 100% central funding for this component of the PMMSY. Wherever the entities of the Central Government, including the National Fisheries Development Board, undertake direct beneficiary oriented, i.e. individual or group activities, the central assistance will be as follows:

• For the General category – up to 40% of the unit or project cost
• For SC, ST or women category – up to 60% of the unit or project cost

Centrally Sponsored Scheme (CSS)

The entire project or unit cost of the CSS component and sub-components implemented by the States/UTs for the non-beneficiary orientated is shared between the Centre and State as follows: 

• For the North-Eastern and the Himalayan states – 90% central share and 10% state share
• For other states – 60% central share and 40% state share
• For Union Territories – 100% central share

The entire project or unit cost of the CSS component and sub-components implemented by the States/UTs for the beneficiary orientated, i.e. individual or group activities, the government financial assistance of both the Centre and State together is limited as follows:

• For the General category – the government financial assistance is limited to 40% of the project or unit cost
• For SC, ST or Women category –  the government financial assistance is limited to 60% of the project or unit cost

The governmental financial assistance for the beneficiary orientated, i.e. individual or group activities under the CSS, is shared between Centre and State/UTs in the following ratio:

• For the North-Eastern and the Himalayan states – 90% central share and 10% state share
• For other states – 60% central share and 40% state share
• For Union Territories – 100% central share 

PMMSY Implementing Agencies 

• Central Government and its entities, including National Fisheries Development Board 
• State/UT Governments and their entities 
• State Fisheries Development Boards 
• Any other end implementing agencies notified by the Department of Fisheries 

The Pradhan Mantri Matsya Sampada Yojana is still in the inception stage as it is being implemented for five years, i.e. from 2020 to 2025. The centre and state have undertaken many projects under this scheme. It will positively impact and develop the fisheries sector by 2025 by helping and providing opportunities to the beneficiaries.