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Pradhan Mantri Matsya Sampada Yojana (PMMSY)

Why is it in the news?

  • Despite challenges posed by the COVID-19 pandemic, Prime Minister Modi announced the Atmanirbhar Bharat package for the fisheries sector, allocating ₹20,050 crore for the Pradhan Mantri Matsya Sampada Yojana (PMMSY), marking the largest-ever investment in Indian fisheries.
  • The government has recently announced an additional ₹6,000 crore investment in the fisheries sector, bringing the total investment to over ₹38,500 crore in the last nine years.

Analyzing PMMSY

  • PMMSY has focused on addressing critical gaps in the fisheries value chain, including fish production, productivity, quality, technology, post-harvest infrastructure, and marketing.
  • Strategic priority areas for PMMSY include marine fisheries, inland fisheries, fishermen’s welfare, infrastructure, post-harvest management, cold water fisheries, ornamental fisheries, aquatic health management, and seaweed cultivation.
  • PMMSY has encouraged technology adoption and entrepreneurial ventures in the fisheries sector, empowering young entrepreneurs, including women, in various regions of India.
  • The program has expanded fisheries to non-traditional areas, transforming saline wastelands into productive aquaculture zones in states like Haryana and Rajasthan.
  • PMMSY has facilitated the development of fish feed plants, hatcheries, research in genetic improvement, and domestication of aquatic species.
  • India is now among the world’s top three countries in fish and aquaculture production and is the largest shrimp exporter globally.
  • Indian fisheries production and export earnings are at all-time highs, with significant growth in shrimp production and seafood exports.
  • The partnership between the government and fishermen is strengthening, contributing to the development of the Blue Economy and addressing the concerns of the fishing community.

 

 

PMMSY:

·       Aim is to bring about a blue revolution through sustainable and responsible development of the fisheries sector in India.

·       To double the incomes of fishers and fish farmers, reducing post-harvest losses from 20-25% to about 10% and the generation of gainful employment opportunities in the sector.

Blue Economy:

·       It broadly refers to the use of ocean resources for economic growth, improved livelihoods and jobs in a sustainable manner.

 

Atmanirbhar Bharat Abhiyan:

·       Vision of Prime Minister Narendra Modi:

Ø  Make India a bigger and more important part of the global economy.

Ø  Pursue efficient, competitive, and resilient policies.

Ø  Strive for self-sustainability and self-generation.

·       Atmanirbhar Bharat does not imply self-containment or isolation.

Ø  It is not a protectionist approach.

·       Policy Measures:

Ø  Redefining the definition of MSMEs (Micro, Small, and Medium Enterprises).

Ø  Promoting private participation in various sectors.

Ø  Increasing Foreign Direct Investment (FDI) in the defence sector.

·       Strong support in sectors like solar manufacturing.

·       Slogans Associated:

Ø  “Vocal for Local”: Encouraging the promotion and use of local products.

Ø  “Local for Global”: Emphasizing the global potential of Indian products.

Ø  “Make for World”: Promoting Indian manufacturing for global markets.

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