Home   »   UPSC Current Affairs 2024   »   PM Matsya Sampada Yojana

PM Matsya Sampada Yojana, Aims and Objectives

Context: The Union Cabinet approved the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (a sub scheme under the Pradhan Mantri Matsya Sampada Yojana) for the micro and small enterprises operating in the fisheries sector.

About PM Mastya Sampada Yojana

  • Launched In: September 2020
  • Aim: To double the income of fish farmers and fishers as part of sustainable fisheries sector development, aligning with the Atmanirbhar Bharat initiative.
  • Focus: Employment-generating activities like seaweed and ornamental fish farming and focuses on advanced breeding techniques for improved brood, seed, and feed, alongside species diversification.
  • Implementation:
    • Umbrella scheme: Central Sector Scheme (CS) and Centrally Sponsored Scheme (CSS).
    • CSS subcomponents: Divided into non-beneficiary and beneficiary-oriented sub-components/activities under three primary categories:
      • Enhancement of Production and Productivity,
      • Infrastructure and Post-harvest Management, and
      • Fisheries Management and Regulatory Framework.
    • Duration: 5 years (FY 2020-21 to FY 2024-25).

We’re now on WhatsAppClick to Join 

Aims and Objectives of PM-MKSSY

  • Gradual Formalization of the unorganized fisheries sector: through self registration of fishers, fish farmers and supportive workers under a National Fisheries Sector Digital Platform.
  • Facilitating access to institutional financing for fisheries sector micro and small enterprises.
  • Providing a one-time incentive to beneficiaries for purchasing aquaculture insurance.
  • lncentivizing fisheries and aquaculture microenterprises: through performance grants for improving fisheries sector value-chain efficiencies including creation and maintenance of jobs.
  • Incentivising micro and small enterprises through : performance grants for adoption and expansion of fish and fishery product safety and quality assurance systems including creation and maintenance of jobs.

Sharing is caring!

Leave a comment

Your email address will not be published. Required fields are marked *