PM Modi Launches Fisheries Scheme Worth Rs. 20,050 Crores

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Prime Minister Narendra Modi on the 10th of September, launched Matsya Sampada Yojana (PMMSY,) for the fisheries sector in India.

The PMMSY is a flagship scheme which would benefit the fisheries sector in India, aiming for its growth and development.

In addition, PM Modi also inaugurated the e-Gopala App, an online portal informing about comprehensive breed improvement marketplace for direct use of farmers.

Mr. Modi during the inauguration said, “People engaged in pisciculture will benefit largely from this scheme. It is our aim that in the next 3-4 years we double our production and give (the) fisheries sector a boost.” He further added, “PMMSY will pave the path for a renewed White revolution (dairy sector) and Sweet revolution (apiculture sector.)”

According to sources, the newly launched PMMSY scheme is likely to gain an investment of Rs. 20,050 crores between 2020-21 to 2024-25 under the Atma Nirbhar Bharat (self reliant India) package.

According to the Prime Minister’s Office (PMO) the investment of Rs. 20,050 crores is the highest investment in the fisheries sector till date. Under the new scheme, the clean Ganga project and the Dolphin project would also be involved, to make a better fisheries sector.

Mr. Narendra Modi also applauded the effort of farmers, who played a major role during the pandemic illness due to the Novel Coronavirus or COVID-19.

Farmers across India played a vital role and provided food and crops during the COVID-19 situation.

So far, Indian agricultural sector and the fisheries sector were not on digital platforms creating issues for farmers.

For farmers, to manage livestock including buying and selling of disease free germplasm in all forms, availability of quality breeding services, guide on animal nutrition, treatment of animals using appropriate medicine and others there were no digital platforms.

However, the newly launched e-Gopala app would be a solution to all the issues related to the farmers of fisheries sector.

Meanwhile under the PMMSY scheme, fish production would be enhanced by 70 lakh tonne in between 2024-2025. This would increase fisheries export earnings to Rs. 1,00,000 crores, doubling of the incomes of fishers and fish farmers, reducing post harvest losses from 20-25 % to about 10 %.

This would also provide employment to nearly 55 lakhs people in India.

Stay tuned for further updates.


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