Pradhan Mantri Matsya Sampada Yojana
Why In News?
On March 10, 2026, multiple fisheries projects worth ₹62.43 crore were approved for Lakshadweep, including four new ice-plant units.
About Scheme
- Launched: September 2020 by PM Narendra Modi as part of Aatmanirbhar Bharat.
- Total outlay: ₹20,050 crore initially (FY 2021-25), extended to FY 2026.
- Nodal agency: Department of Fisheries, with NFDB for training/capacity building.​
- Components: Central Sector (non-beneficiary) and Centrally Sponsored (beneficiary-oriented; 40% aid for general, 60% for SC/ST/women).​
Objectives
- Double fishers' income via enhanced production, productivity, and value chain.​​
- Generate 68 lakh jobs by 2024-25 end; promote Blue Revolution.​​
- Address challenges like post-harvest losses, informal sector, and poor credit access.​
Key Interventions
- Infrastructure: Fishing harbors, cold chains, aquaculture farms.​
- Welfare: Insurance for fishers, Kisan Credit Card integration.​
- Sub-scheme PM-MKSSY: ₹6,000 crore (2023-27) with World Bank aid for formalization, safety, and quality.
- Progress: Beneficiary success stories of job creation; ₹5,450 crore recent allocation.
