Pradhan Mantri Matsya Sampada Yojana – Objectives & Influence on Economy

Pradhan Mantri Matsya Sampada Yojna or PMMSY is an initiative by the Government of India to promote the blue revolution (Neeli Kranti) in the nation. The bill was proposed in the budget session of 2019-2020 by Finance Minister Nirmala Sitharaman to empower fisheries, animal husbandries, and dairies with a collective budget of 20,000 crores. The bill came to the attention of the government in May 2020 and was put into effect in September 2020.

The government then decided to commence a dedicated department under the Ministry of Fisheries, Animal Husbandry, and Dairy. The prominent idea of this blue revolution bill is to focus on the overall production in this sector and increase export globally. Pradhan Mantri Matsya Sampada Yojna (PMMSY) is a lucrative scheme that revolves around the sustainable and productive development of the fishery domain in the country.

Throughout this post, we will take you through a brief overview of this scheme, its objectives for the people involved in this sector, and its impact on the economy.

PMMSY Scheme Objectives

• Pradhan Mantri Matsya Sampada Yojna scheme is focused on elevating the fishery sector and including it in other thriving industries of the nation with sustainability and economical prowess. Fishermen and farmers involved in this sector will be provided financial aid and support to enhance production and quality.
• In addition to substantial fish production for export by fruitful utilization of water and land, the scheme also emphasizes post-production management of the value chain to strengthen the balance of quality with the overall production. This arrangement also encompasses the use of modernized technologies and practices to upscale the fishery sector for good.
• Another significant objective behind Pradhan Mantri Matsya Sampada Yojna by the Government is to help rural entrepreneurs increase their income along with better employment opportunities for youngsters in rural India. It will also formulate a robust and more defined industry framework for the fishery sector.
• This scheme is set to bring revolutionary changes in the fishery industry by making it a prominent aspect of agricultural export and generating revenue with overseas export for increased GVA. It will also highlight the contribution of fish farmers to the Indian economy while offering them social and economic security.

This scheme will greatly benefit fishers, fish vendors and workers, fishery development corporations, joint liability groups in the fishery sector, fishery federations, private fishery firms, fish farmer producer companies, state fishery development boards, and entities of the central government.

Notable Developments of the PMMSY Scheme

Pradhan Mantri Matsya Sampadan Yojana is an umbrella scheme with central sector and centrally sponsored components. It is an all-encompassing programme to effectively rebuild the fishery sector while improving its key elements that play a vital role in the fishery value chain.

The implementation of benefits takes place by collaboration with states and union territories. The financing system may be slightly different in numerous areas, but it takes place under the supervision of the central government.

Here’s an overview of key developments so far:

• The financial year 2020 marked the first major development with a full-fledged capacity-building training program by the Central Institute of Fisheries Nautical & Engineering Training (CIFNET) in union territories and coastal states under the Pradhan Mantri Matsya Sampadan Yojana.
• Guru Angad Dev Veterinary and Animal Sciences University received Rs. 139.05 lakh in March 2021 as fishery project funds for enhancing low-density intensive aquaculture technologies.

How to Apply for Pradhan Mantri Matsya Sampada Yojna or PMMSY Scheme

If you belong to any of the groups mentioned above, you can apply for Pradhan Mantri Matsya Sampada Yojna 2022 to get financial and social support for your fishery venture and make a name for yourself. Here’s how to apply:

1 – Go to the official website http://dof.gov.in/pmmsy where they have provided all related data related to the scheme.

2 – On the homepage, you will see the ‘Apply Now’ button. When you will click on it, the page will redirect to an application form with a series of questions.

3 – You will be asked to submit all essential information on this PMMSY scheme application form including name, father’s name, gender, date of birth, educational qualification, caste, etc.

4 – You will also need to upload some required documents. Once you fill in every vital detail, click on the ‘Submit’ button to send your application successfully.

Conclusion – Pradhan Mantri Matsya Sampada Yojna 2022 can be an auspicious beginning to the long-awaited fishery project you have been keeping on hold for a while. You just need to visit the designated website and submit an application to drive more opportunities for employment in rural areas.

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