Prime Minister Matsya Sampada Yojana 2023

 PM Matsya Sampada Yojana: In this article we have discussed the key details of the Pradhan Mantri Matsya Sampada Yojana. We have covered essential aspects such as how the program works, the rewards it offers, and the benefits it provides to its beneficiaries. We will also explain the eligibility criteria that Indian residents need to meet if they want to apply for this scheme.

Pradhan Mantri Matsya Sampada Yojana 2023

Prime Minister Matsya Sampada Yojana 2023

Prime Minister Narendra Modi officially launched the Pradhan Mantri Matsya Sampada Yojana via video conferencing in 2020, joined by the Governor and Chief Minister of Bihar, as well as the Union Minister and MoS for Fisheries, Animal Husbandry & Dairying. The government plans to invest approximately Rs. 20,050 crores in this scheme from 2020-2021 to 2024-2025. Of this total, around Rs. 12,340 crores is allocated for activities that directly benefit the beneficiaries in Marine, Inland Fisheries, and Aquaculture, while approximately Rs. 7,710 crores is designated for Fisheries Infrastructure. The primary goal of this government initiative is to-

  • Achieving a 70 lakh tonne increase in fish production by 2024-25.
  • Boosting earnings from fisheries exports to reach Rs. 1,00,000 crore.
  • Doubling the income of both fishers and fish farmers.
  • Cutting down post-harvest losses from 20-25% to around 10%.
  • Generating an extra 55 lakhs of employment opportunities in the fisheries sector and related activities, benefiting both direct and indirect employment seekers.

Pradhan Mantri Matsya Sampada Yojana- Highlights 

 Scheme NamePradhan Mantri Matsya Sampada Yojana
Launched by Government of India
ObjectiveImproving fishing channels and supporting fisherman
Beneficiaries Fishermen
Official Website


PM Matsya Sampada Yojana- Objective

The goals of the Matsya Sampada Yojana cover many different things. Like this scheme aims to enhance the entire agricultural supply chain, starting from farm gate to retail outlets, thereby reducing wastage of agricultural products. It also seeks to promote the growth of the food processing sector, contributing to increased GDP, employment opportunities, and investments. Additionally, the scheme is designed to improve fish production and productivity through sustainable practices.

This aims to modernize post-harvest management and quality improvement, ultimately doubling the income of fishers and fish farmers while increasing their contribution to Agriculture GVA and exports. The scheme prioritizes the social, physical, and economic well-being of fishers and fish farmers and emphasizes active fisheries management and regulatory structures for a sustainable and equitable approach.

Pradhan Mantri Matsya Sampada Yojana-Benefits

The plan wants to make farming better, improve how we process food, and reduce waste. It also wants to do more in the fishing area. The government made a plan called Pradhan Mantri Matsya Sampada Yojana (PMMSY) to make fishing better and fix problems in the process. The government says this plan can help us become the best in the world at producing fish. It includes other plans like Food Parks, Food Safety, and Infrastructure.

Pradhan Mantri Matsya Sampada Yojana-Beneficiaries

This scheme is available to all fishermen in the country, and its main goal is to make fishing better across the country. Any fisherman in the country can apply for this scheme. The following list are of those who also can apply for this scheme.

  1. Fishers
  2. Fish farmers
  3. The Fish workers and Fish vendors
  4. Fisheries Development corporations
  5. Self Help Groups (SHGs)/Joint Liability Groups (JLGs) in fisheries sector
  6. Fisheries cooperatives
  7. Fisheries Federations
  8. Entrepreneurs and private firms
  9. Fish Farmers Producer Organizations/Companies (FFPOs/Cs)
  10. SCs/STs/Women/Differently abled persons
  11. State Governments/UTs and their entities including
  12. State Fisheries Development Boards (SFDB)
  13. Central Government and its entities

How to apply for PMMSY Scheme

The government launched a special plan called Pradhanmantri Matsya Sampada Yojana for fishermen. The goal is to make fishing better. There are 29 good things that will be given under this plan. If you’re a fisherman, and you’re from SC, ST, or you’re a woman, the government will pay 60% of the cost to help you. For others, they’ll pay 40%. If you want to join this plan, you can go to the government’s website.

  • Beneficiaries need to go to the department’s official website and log in.
  • Then, they have to fill out a form and upload all the necessary documents.
  • The beneficiary also has to create their own SCP-DPR and submit it along with the form. Even though the cost of DPR and SCP can be more than the unit cost, the grant will be provided based on the unit cost.
  • To help with the DPR, a template can be downloaded from the official website.

Pradhan Mantri Matsya Sampada Yojana- Impact

  • The scheme will bring about the following changes for the entire fishing community in India:
  • The plan wants to make more fish, going from 137.58 lakh metric tons to 220 lakh metric tons by 2024-25.
  • It aims to make fish grow 9% faster every year.
  • The plan wants fish to become a bigger part of farming, going from 7.28% to 9% by 2024-25.
  • It wants to sell more fish to other places, going from Rs. 46,589 crores to Rs. 1,00,000 crores by 2024-25.
  • The plan wants to grow more fish in the same space, from 3 tonnes to 5 tonnes per hectare.
  • It wants less fish to get wasted, from 20-25% to about 10%.
  • The plan aims for people to eat more fish, from 5-6 kg to about 12 kg per person.
  • It plans to create jobs for about 55 lakh people in the fishing business, including making and selling fish.

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