The government of India launched a scheme called the Pradhan Mantri Matsya Sampada Yojana was implemented to reduce the gaps in fish production, productivity, and quality through technology, post-harvest infrastructure, and marketing. The Modi Sarkar Yojana also helps enhance the welfare of fishers and fish farms.
Read the article to learn more about the PMMSY scheme details, including information on its benefits, eligibility, and application process.
Overview
The table below summarises some key PMMSY scheme details that one should know.
| Name of the scheme | Pradhan Mantri Sampada Yojana |
|---|
| Launched by | Government of India |
| Under | Department of Fisheries |
| Objective | To boost fish production, productivity, and quality through technology. |
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What Is Pradhan Mantri Matsya Sampada Yojana?
The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, implemented the PMMSY scheme to revolutionise the fisheries sector.
The government has an investment of Rs. 20,050 crores to develop the fisheries sector. PMSSY Yojana has been implemented in all the states and union territories for 5 years from FY 2020-21 to FY 2024-25.
It is said that the PMSSY Yojana will bring the Blue Revolution. The Blue Revolution is a government initiative taken to increase the production of fisheries and productivity from aquaculture.
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What Are The Objectives Of Sampada Yojana?
The Sampada Yojana has a range of objectives that make it unique. Some of its key objectives are as follows:
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The PMMSY scheme boosts fish production and productivity and hence doubles the incomes of fishers and fish farms.
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The scheme not only focuses on generating employment but also on the effective utilisation of land and water resources.
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The PMMSY fisheries scheme aims to increase the fisheries sector’s contribution to Agricultural Gross Value Added (GVA) and exports.
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The PM Matsya Sampada Yojana’s ultimate aim is to improve social, physical, and economic security for fishers and fish farms.
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What Are The Benefits Of Pradhan Mantri Matsya Sampada Yojana?
The PMMSY fisheries scheme comes along with innumerable benefits for fishermen. Some of the benefits are laid down below:
- The PM Matsya Sampada Yojana provides financial assistance for fishing infrastructure so that the production of the sector can be increased.
- The PMMSY scheme provides credit-linked subsidy for fish farmers so that they can conduct their business without any monetary constraints and worries.
- The scheme gives assistance in various aspects, like marketing and export, fisheries management, and others so that both the fishermen and the fishing sector can grow sustainably.
- The govt scheme also provides credit-linked subsidy to fishermen to encourage more and more people to enter the sector.
- The Matsya Yojana also provides aid for the development of cold chains, fish processing units, and other related units to promote the export of fish products.
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Strategic Priorities Under PMMSY
The Department of Fisheries has identified strategic priorities for the Pradhan Mantri Sampada Yojana, which are:
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What Is The Eligibility Criteria For Pradhan Mantri Matsya Sampada Yojana?
There is an eligibility criterion for the PM Matsya Sampada Yojana that applicants are supposed to fulfil. The criteria of applicants that are allowed to apply for the scheme are laid down below for one’s reference:
1. Fishers.
2. Fish Farmers.
3. Fish Workers and Fish Vendors.
4. Fisheries Development Corporations.
5. Self-Help Groups (SHGs)/Joint Liability Groups (JLGs) in the Fisheries Sector.
6. Fisheries Cooperatives.
7. Fisheries Federations.
8. Entrepreneurs and Private Firms.
9. Fish Farmers Producer Organisations/companies (FFPOs/Cs).
10. SCs/STs/Women/Differently Abled Persons.
11. State Governments/UTs and Their Entities.
12. State Fisheries Development Boards (SFDB).
13. Central Government and Its Entities.
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What Is The Application Process Of PM Matsya Sampada Yojana?
The application process of the Matsya Sampada Yojana is written below for one to follow:
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For Centrally sponsored scheme- Please prepare and then submit a Detailed Project Report to the District Fisheries Officer of your respective state/UT. Ensure that it is made in accordance with the scheme's guidelines.
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For Central sector scheme component of PMMSY- Please submit your proposals to the following address: 'Department of Fisheries, Ministry of Fisheries, Animal Husbandry, & Dairying, Government of India, Room no. 221, Krishi Bhavan, New Delhi, 110001'.
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Documents Required For The Application Process
Applicants need to attach some supporting documents to successfully apply for the Matsya Sampada Yojana. The list of those documents is as follows:
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Aadhaar Card
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PAN Card
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Bank Account Details
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Business Registration Certificate
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Project Report
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Land Documents: Lease agreements, land ownership documents, or NOC from the landowner are required if the project requires land.
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Partnership Deed or Memorandum of Association (MOA)
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Conclusion
The PMMSY scheme will help grow and modernise the sector as well as help in the socio-economic welfare of fishers. The Sarkari scheme will also help the sector be stronger and successful. So, what are you waiting for? Apply for the scheme today if eligible and reap the benefits that the government is providing you.
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