Ministry: Ministry of Fishing, Animal Husbandry and Dairies
Aims to enhance fish production to 220 LMT with an investment of over Rs.20,000 crores in next five years
Scheme:
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The PMMSY aims to bring about the Blue Revolution through sustainable and responsible development of the fisheries sector in India.
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It has an estimated investment of Rs. 20,050 crores for its implementation during a period of 5 years from FY 2020-21 to FY 2024-25 in all States/UTs, as a part of AatmaNirbhar Bharat Package.
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PMMSY aims at enhancing fish production and this increasing fisheries export earnings to Rs.1,00,000 crore by 2024-25.
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Thus it aims doubling of incomes of fishers and fish farmers, reducing post-harvest losses from 20-25% to about 10% and generation of gainful employment opportunities in the sector.
Implementation strategy:
The PMMSY will be implemented as an umbrella scheme with two separate components namely:
(a) Central Sector Scheme and
(b) Centrally Sponsored Scheme
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Majority of the activities under the Scheme would be implemented with the active participation of States/UTs.
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A well-structured implementation framework would be established for the effective planning and implementation of PMMSY.
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For optimal outcomes, ‘Cluster or area-based approach’ would be followed with requisite forward and backward linkages and end to end solutions.