On September 10, 2020, Prime Minister Modi virtually inaugurated the PM Matsya Sampada Yojana in Bihar. The Central government had previously released the official operational guidelines for this program on June 30, 2020, via pmmsy.dof.gov.in. To support this initiative, the Indian government allocated a total investment of Rs. 20,050 crore, which includes a central contribution of Rs. 9407 crore, a state share of Rs. 4,880 crore, and Rs. 5763 crore provided by beneficiaries. As a key component of the Atmanirbhar Bharat Package, these PMMSY guidelines are designed to assist states in effectively executing the scheme from the 2020-2021 fiscal year through 2024-2025. Additionally, the e-Gopala App was launched as a comprehensive digital portal for farmers to access breed improvement services and vital information.
Through the PM Matsya Sampada Yojana, the government aims to transform India into a premier hub for fish and aquatic products by providing necessary policy framework, marketing assistance, and infrastructure development. The scheme encourages aquaculture by simplifying credit access. Furthermore, the central government is committed to integrating all fishermen into national farmer welfare programs and social security initiatives, including expanded coverage for accidental insurance.
The PMMSY is slated for implementation across all States and Union Territories over a five-year period, from FY 2020-2021 to FY 2024-2025. By addressing various stages of the fisheries value chain, the program intends to modernize the sector and elevate it to new heights. Comprising 100 diverse activities, this initiative represents the most significant investment ever made in the fisheries industry. It seeks to drive the Blue Revolution through sustainable growth while bridging critical infrastructure gaps.
Pradhan Mantri Matsya Sampada Yojana (PMMSY) 2026
The central government, under Prime Minister Modi, remains dedicated to the "Blue Revolution" (Neeli Kranti). With the potential to lead global fish production, the Union Cabinet has approved the PM Matsya Sampada Yojana 2026 to boost aquaculture. A dedicated department for fisheries development has been established, and more information can be found on the official website at https://dof.gov.in/. This article provides comprehensive details and operational guidelines regarding the scheme.
Goals and Objectives of PMMSY
The primary aims and objectives of the PM Matsya Sampada Yojana 2026 are as follows: