- The Pradhan Mantri Matsya Sampada Yojana (PMMSY) was introduced on September 10, 2020, under the Ministry of Fisheries, Animal Husbandry and Dairying.
- The scheme’s objective is to create the Blue Revolution through the five-year sustainable growth of the fisheries industry (2020-2025).
- It would be implemented as part of the Aatma-Nirbhar Bharat Package during a five-year period, from FY 2020–21 to FY 2024–25, with an estimated cost of Rs. 20,050 crores.
- By 2024–2025, PMMSY hopes to increase fish production by an additional 70 lakh tonnes, bringing in Rs. 100,000 crore earning from exports of fish.
- It seeks to double the incomes of fishers and fish growers, lower post-harvest losses from 20 to 25 percent to roughly 10 percent, and create prospects for profitable employment in the industry.
- It hopes to create an additional 55 lakh opportunities for direct and indirect gainful employment in the fishing industry and related fields
Pradhan Mantri Matsya Sampada Yojana