Page 47 - BANKING FINANCE MARCH 2024

ARTICLE

2. Development of Inland Fisheries and Aquaculture Traceability, establishing a robust Fisheries management
framework and
3. Development of marine fisheries, infrastructure, and
post-harvest operations Fishers' welfare

4. Strengthening the Fisheries Sector's Database and
Geographical Information System Aim & Objectives of the scheme

5. Institutional Arrangement for the Fisheries Sector 1. Harnessing of Fisheries potential in a sustainable,
responsible, inclusive and equitable manner
6. Monitoring, Control, and Surveillance (MCS) and other
2. Enhancing of Fish production and productivity through
need-based interventions
expansion, intensification, diversification and productive
7. Fishermen's National Welfare Scheme
utilization of land and water
3. Modernizing and strengthening of value chain - post-
Keeping in view the immense potential for development of
harvest management and quality improvement
fisheries sector Government of India attached importance
in Union Budget 2019-20 to focus for the development of 4. Doubling fishers and fish farmers' incomes & generation
Fisheries sector. of employment
5. Enhancing contribution to agriculture GVA and exports
The Department of Fisheries, Ministry of Fisheries, Animal
6. Social, Physical & Economic security for fishers and fish
Husbandry and Dairying, Government of India is
farmers
implementing Pradhan Mantri Matsya Sampada Yojana
7. Robust fisheries management and regulatory
(PMMSY), a scheme to bring Blue Revolution in India through
framework
sustainable growth and reasonable development of Fisheries
sector with sizeable investment for holistic development of
Pradhan Mantri Matsya Sampada Yojana (PMMSY) is
Fisheries sector.
covered with two separate components i.e., Central sector
scheme and Centrally Sponsored Scheme
It is proposed to implement Pradhan Mantri Matsya
Sampada Yojana (PMMSY) in all the States and Union
1. Central Sector Scheme
Territories for a period of 5 years from the financial year
2020-21 to financial year 2024-25. Entire project / unit cost under Central Sector scheme
will be borne by the Central Government. Individual or
Group activities are undertaken by the sponsoring
Pradhan Mantri Matsya Sampada Yojana's main aim is to
agencies of Central Government. The assistance will be
modernize and strengthen the value chain, enhance
up to 40% of the unit cost in case of general category
traceability and establish a robust fisheries management
and 60% in case of SC / ST / Women beneficiaries.
framework while simultaneously ensuring the socio-
economic welfare of Fishers & Fish farmers.
2. Centrally Sponsored Scheme

Pradhan Mantri Matsya Sampada Yojana (PMMSY) is Non-beneficiary orientated activities under Centrally
designed to address the following critical gaps in Fisheries sponsored scheme is to be implemented by States of
Union Territories. The entire unit cost is to be shared
sector
between Central Government and State Government
Fish production
as under
Productivity, Quality & Technology
North Eastern & Himalayan States: 90% Central and
Post-harvest infrastructure and management 10% State share

Marketing All Other States: 60% Central and 40% State share
Modernisation and strengthening of value chain Union Territories: 100% Central share

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