Prime Minister Matsya Sampada Scheme {प्रधानमंत्री मत्स्य संपदा योजना}

PM Matsya Sampada Scheme was launched by the Finance Minister, Nirmala Sitharaman on 5th July 2019. This scheme was launched to increase the fish and aquatic products with the appropriate policy, marketing, and infrastructure support. This scheme was also known as Agro-Marine Processing and Development of Agro-Processing Clusters. Pradhan Mantri Matsya Sampada Yojana was approved by the CCEA in May 2017 for the period of 2016-20 coterminous with the 14th Finance Commission cycle.

Overview

• The main motive of the scheme is to supplement or increase agriculture, modernize processing as well as decrease agricultural-waste, and to make use of the potential in the fishery sector. 
• The government of India started Pradhan Mantri Matsya Sampada Yojana (PMMSY) to set up a strong fisheries management framework and check gaps in the price chain. 
• Government has planned and made it clear that 'Blue Revolution' or `Neeli Kranti' has the potential to get the top place in the world in fish production.
• This scheme also includes Food Parks, Food Safety, and Infrastructure.
• Pradhan Mantri Matsya Sampada Yojana (PMMSY) will be managed under the Department of Fisheries for a robust fisheries management framework. 
• The Finance Minister Nirmala Sitharaman has announced a budget of Rs 20,000 Crore, under Pradhan Mantri Matsya Sampada Yojana. 
• This scheme is the basic framework for the fisheries area. Out of the entire budget allocation, Rs 11,000 crore will be spent on exercises in marine, inland fisheries as well as aquaculture.  
• And the remaining Rs 9000 crore will be used to assemble foundations, like angling harbours and cold chains..
• There are two main components of Pradhan Mantri Matsya Sampada Yojana first is Central Plan and the second is Centrally Sponsored Scheme.

Benefits

Benefits of Pradhan Mantri Matsya Sampada Yojana are mentioned below:

• This scheme was started to enhance or increment horticulture, modernize handling as well as abatement agrarian waste.
• The government proposed the Pradhan Mantri Matsya Sampada Yojana (PMMSY) to build up a strong fishery board structure and check holes in the price chain. 
• Government has made it clear that this scheme will help to achieve the first spot on the planet in fish creation.
• This scheme also includes Food Parks, Food Safety, and Infrastructure.

Implementation 

• The government of India will spend Rs. 6000 and is required to hold an assumption of Rs. 31,400 crore.
• The treatment of around 334 lakh MT agro-produce will be completed esteeming Rs 1 lakh 4 thousand 125 crores.
• The Matsya Sampada will benefit around 2 million ranchers and will produce approximately 5 lakh 30 thousand immediate or backhanded work in the country in 2019-2020. 
• The government has set an objective for fish creation and has to achieve the objective of 15 million tons by 2020 under the Blue Revolution.
• The government is planning to raise it to around 20 million tons by 2022-23.

Objectives

The main objectives of the Matsya Sampada Yojana are given below:

• This scheme will help to improve the current framework of the chain from ranch entry to sell outlet.
• Pradhan Mantri Matsya Sampada Yojana will help expand the development of food preparation in the country.
• This scheme will increase the GDP and also increase Employment and venture.
• This scheme will help in decreasing the enormous wastage of horticulture items.
• This scheme will provide better outlay to ranchers and twofold their salary.
• Saddling the fisheries potential is an economical, capable, comprehensive, and even handed way.
• This scheme will help improve fish creation and efficiency with development, heightening, broadening as well as a beneficial use of land and water.
• This scheme will multiply fishers as well as fish ranchers' salary and age of work.
• Improving pledge to the Agriculture GVA and fares.
• This scheme will provide Social, physical, and financial security for fishers and fish ranchers.
• Active fisheries organization and governmental structure.

Beneficiaries

The finance minister started the scheme for the fishermen of the country, and the main motive of the scheme is to improve the fishery production in the nation. All of the fishermen of the country can apply for Matsya Sampada Yojana. The beneficiaries of this scheme are mentioned below:

• Fishers
• The Fish farmers
• Fish workers
• Fish vendors
• SCs/STs/Women/Differently abled persons
• Fisheries cooperatives/Federations
• FPO
• Fisheries Development corporations
• Self Help Groups (SHGs) and Joint Liability Groups (JLGs)
• Individual Entrepreneurs

Impact

The scheme will impact on the overall community of fisheries in India in various ways that are mentioned below:

• This scheme will help to increase the fisheries production in the country from 137.58 lakh metric tons (2018-19) to 220 lakh metric tons by 2024-25.
• The scheme will maintain average annual growth in fish production of about 9%.
• This scheme will also help to boost the contribution of the GVA of the fisheries sector to the Agriculture GVA, which is from 7.28% in 2018-19 to about 9% by 2024-25.
• This scheme will directly double export earnings from Rs.46,589 crores in 2018-19 to about Rs.1,00,000 crores by 2024-25.
• The scheme will develop productivity in aquaculture from the current national average of 3 tonnes to about 5 tonnes per hectare.
• This scheme will help to decrease the post-harvest losses from the reported 20-25% to about 10%.
• The scheme will also help in the improvement of domestic fish consumption which was 5-6 kg and increase up to 12 kg per capita.
• The scheme will create Employment about 55 lakh direct and indirect in the fisheries sector along with the supply as well as the value chain.

You will be able to find more details about this scheme on the official press release.

Eligibility Criteria

All the fishermen of the country can apply to this scheme as there is no special eligibility for this scheme said by the finance minister. The scheme is open for fishers of the country. The main motive of the scheme is to improve the empowerment and structure chain.

Registration Procedure

There is a simple process the applicant has to follow to get registered under the scheme. All the steps to apply online for Pradhan Mantri Matsya Sampada Yojana 2020 are mentioned below:

1. At first, the applicant has to Visit the Official Website of Pradhan Mantri Matsya Sampada Yojana.

2. After visiting the official website, click on the Apply Now Button.

3. After clicking on it, an application form page will display on your computer screen.

4. Now the applicant has to enter the required details like name, father/ husband name, date of birth, gender, caste, and other information.

5. At last, you have to upload all the required documents along with the application form.

6. Now click on the Submit Button for the final submission of the application form.

Documents Required for PM Matsya Sampada Scheme

The fisherman has to submit some required documents to get enrolled under this scheme. Details about documents for the scheme are mentioned below:

• The income of fisherman: There is no such income limit that has been set for the fisherman to apply under the scheme and to get benefits. The government will ask the applicant to submit the documents related to income at the time of registration.
• Identity proof: The fisherman must have to submit an identity proof to get enrolled under this scheme. As a proof of identity card applicant can submit a voter ID card or Aadhaar card at the time of online registration for the scheme. The identity is also mandatory to provide to get the claim for the person who is employed in the fishing sector.
• The applicant has to submit bank account details to get financial support under the scheme. The amount will be directly transferred to the bank account of the beneficiary.

Frequently Asked Questions

Q: Who will provide funds for the Pradhan Mantri Matsya Sampada Yojana?

The Pradhan Mantri Matsya Sampada Yojana will be fully funded by the Central Government.

Q: How was the fund distributed under this scheme?

Under the scheme, a 40 per cent fund will be allocated for the general category, and 60 per cent of the fund is related to scheduled castes and tribes and women by the central government.

Q: Which is the component of this scheme?

There are two components of Pradhan Mantri Matsya Sampada Yojana:

1) Central Plan

2) Centrally Sponsored Scheme

Q: What is the main motive of the scheme?

To promote fisheries and to increase production, the centrally sponsored Pradhan Mantri Sampada Yojana has been approved. 

To learn in detail, about this scheme, you can also read the highly detailed booklet here.