PM Matsya Sampada Yojana

Why is in news? PM Matsya Sampada Yojana completes Two years; to generate 68 lakh employments by the end of 2024-25

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is an initiative launched by the Government of India to establish a comprehensive framework and reduce infrastructural gaps in the fisheries sector.

The scheme was announced by the Finance Minister, Nirmala Sitharaman during her speech in the parliament of India while presenting the Union budget for 2019–20 on 5 July 2019.

The government intends to place India in the first place in Fish production and processing by implementing Neeli Kranti ( Blue Revolution).

This scheme is in line with governments aim to double the farmers' income by 2022–23. The policy envisages to integrate all the fishermen with agricultural farmers and provide all the facilities available through various farmer welfare schemes to the fishermen.

A new dedicated department of Fisheries was constituted in a newly carved out Ministry of Fisheries, Animal Husbandry and Dairying to implement this and other policy initiatives of the government.

The PMMSY is an umbrella scheme with two separate Components namely (a) Central Sector Scheme (CS) and (b) Centrally Sponsored Scheme (CSS).

It focuses on sustainable development of India's fisheries sector and is a part of the Atmanirbhar Bharat scheme.