Article Title: Pradhan Mantri Matasya Sampada Yojana
20-03-2023
Polity & Governance Prelims Plus
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It is a flagship scheme for focused and sustainable development of the fisheries sector in the country with an estimated investment of 20,050 crore for its implementation during 2020-21 to 2024-25 as part of Aatmanirbhar Bharat package.
It is under the Ministry of Fisheries, Animal Husbandry and Dairying.
The scheme aims to bring about a blue revolution through sustainable and responsible development of the fisheries sector in India.
Also to double the incomes of fishers and fish farmers, reducing post-harvest losses from 20-25% to about 10% and the generation of gainful employment opportunities in the sector.
The scheme focuses on activities with potential to generate employment such as seaweed and ornamental fish cultivation. It also emphasises on the breeding technique for quality brood, seed & feed and species diversification.
It is implemented as an umbrella scheme with two separate components namely: Central Sector Scheme (i.e., 100% GoI Funding) and Centrally Sponsored Scheme.
A well-structured implementation framework would be established for the effective planning and implementation of PMMSY.
PMMSY includes key activities such as fishing vessel insurance, support for new/upgrade of fishing vessels, aquaculture in saline/alkaline areas, Sagar Mitras, nucleus breeding centres, fisheries and aquaculture start-ups, incubators, and integrated aqua parks.
PMMSY inter-alia provides insurance coverage to fishers, which includes fish workers, fish farmers and any other categories of persons directly involved in fishing and fisheries related allied activities. The insurance coverage provided under the PMMSY includes 5,00,000/- against accidental death or permanent total disability, 2,50,000/- for permanent partial disability, Hospitalization expenses in the event of accident for a sum of Rs. 25,000/-.
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