Pradhan Mantri Matsya Sampada Yojana (PMMSY) 2020 Online Apply

Pradhan Mantri Matsya Sampada Yojana (PMMSY) 2020 Online Apply:

Government proposed a Pradhan Mantri Matsya Sampada Yojana (PMMSY) to establish a robust fisheries management framework and check gaps in the value chain. Central govt. announced Pradhan Mantri Matsya Sampada Yojana (PMMSY) in Budget 2019-20 to promote Blue Revolution (Neeli Kranti), focus would be on development of fish and aqautic products, to address infrastructure gap in fisheries sector.

The government has proposed to increase budget allocation for the Ministry of Agriculture and Farmers Welfare by over 78 % to 39 lakh crore rupees for the current fiscal. out of the total amount, 75,000 crore rupees will be for the Pradhan Mantri Kisan Samman Nidhi.

Besides PM-KISAN, the government has proposed to increase the allocation for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to 14,000 crore rupees for the current fiscal. To ensure Minimum Support Price (MSP) in times of steep fall in rates, the government has proposed to increase the allocation to 3,000 crore rupees for intervening in the market in such times under the Market Intervention Scheme and Price Support Scheme (MIS-PSS). To harness the potential in the fishery sector, the government proposed a Pradhan Mantri Matsya Sampada Yojana (PMMSY) to establish a robust fisheries management framework and check gaps in the value chain

Pradhan Mantri Matsya Sampada Yojana 2020

In this article today we will share with you all the important specification of the Pradhan Mantri Matsya Sampada Yojana. In this article, we will share with you the important specification related to the scheme such as the implementation procedure, incentive available and all of the other benefits that will be provided to the beneficiaries of the Pradhan Mantri Matsya Sampada Yojana. We will also talk about the eligibility criteria which need to be undertaken to apply for the scheme for all of the residence of India.

Pradhan Mantri Matsya Sampada Yojana 2020

The Finance Minister Nirmala Sitharaman reported Rs 20,000 Crore Scheme, under Pradhan Mantri Matsya Sampada Yojana. It is to address basic framework holes for the fisheries area. This uplifting news comes as a piece of the third tranche of financial changes. Out of this, Rs 11,000 crore will be spent on exercises in marine, inland fisheries and aquaculture. In any case, Rs 9000 crore will be utilized to assemble foundation, such as angling harbours and cold chain.

PM Fisheries Scheme 2020

The finance minister has announced the launch of a new PM Matsya Sampada Yojana 2019 to promote aquaculture. The govt. has already constituted a separate department for integrated development of fisheries. The central govt. has also created a special fund to develop infrastructure related to fishing industry. This fund would be used for creation of fisheries infrastructure facilities both in marine and inland fisheries sectors. The central govt. has targeted to augment fish production to achieve its target of 15 million tonne by FY 2020 would be done under Blue Revolution.

The govt. would further raise the target to 20 million tonnes by FY 2022-23. FIDF fund would be used to attract private investment in creation and management of infrastructure facilities. Moreover, govt. will also focus on acquisition of the state-of-the-art technologies.

FIDF is going to provide concessional finance to state govt, cooperatives, individuals and entrepreneurs. This finance would be used to take up identified investment activities of fisheries development. Under FIDF, loan lending would be over a period of five years from 2018-19 to 2022-23. The maximum repayment will be over a period of 12 years inclusive of moratorium of 2 years on repayment of principal.

Key Features of PM Matsya Sampada Yojana

Main aim of scheme

To cover up for the massive infrastructure gap in the fishing sector, the above-said scheme has been launched by the initiative of the central government. For this suitable marketing, policy and infrastructure support would be required for the help of the fisheries sector.

Target audience of the scheme

The fisheries sector is the target audience of the scheme. Through the scheme benefits, aquaculture would be promoted, and fishermen will get easy sources of funds by means of this scheme.

Amount allotment of the scheme

An amount of rupees 7,522 crores will be given by PM Modi led Cabinet committee that would help in improving Fisheries and Aquaculture Infrastructure Development Fund or FIDF.

Better funding for the scheme

The central government is also planning to attract private funding sources to get a better contribution to the fishing industry. In addition to this, the government is planning to deploy top-notch technologies that would automatically improve the functioning of the fishing sectors.

However, by this scheme, the fishing industry would be improved, and this would help India to win the first position in fish production.

Details Of Pradhan Mantri Matsya Sampada Yojana

NamePradhan Mantri Matsya Sampada Yojana
Launched byGovernment of India
BeneficiariesFishermen
ObjectiveImproving fishing channels and supporting fisherman
Official Website

PM Matsya Sampada Yojana For Fisheries; Aims To Double Exports To Rs 1 Lakh Crore

Finance Minister Nirmala Sitharaman on Friday (15 May) began her third tranche of announcements pertaining to the Rs 20 lakh crore economic package under Atmanirbhar Bharat vision.

She said that today’s announcements would be focused on agriculture and allied services, like fisheries and food processing.

She announced launching of Pradhan Mantri Matsya Sampada Yojana for integrated, sustainable, inclusive development of marine and inland fisheries to plug critical gaps in fisheries value chain.

Rs 11,000 crore has been allocated for Marine, inland fisheries and aquaculture, while Rs 9,000 crore has been earmarked for development of infrastructure such as fishing harbours, cold chains etc.

What is Pradhan Mantri Matsya Sampada Yojana?

Finance Minister, Nirmala Sitharaman on 5th July 2019, announced to launch ‘Matsya Sampada Yojana’ aimed to increase the fish and aquatic products through appropriate policy, marketing and infrastructure support. The CCE has approved renaming of SAMPADA which was Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters earlier, as Pradhan Mantri Kisan Sampada Yojana (PMKSY). It was approved by the CCEA in May 2017 for the period of 2016-20 coterminous with the 14th Finance Commission cycle.

 The objective of the scheme is to supplement or increase agriculture, modernize processing and decrease agricultural-waste and to utilize the potential in the fishery sector. The government proposed a Pradhan Mantri Matsya Sampada Yojana (PMMSY) to establish a robust fisheries management framework and check gaps in the value chain. Government has made it clear that ‘Blue Revolution’ or `Neeli Kranti’ and has the potential to attain the first place in the world in fish production. It includes MoFPI’s schemes such as Food Parks, Food Safety and Infrastructure.

Eligibility criteria and documents required in the scheme

Income of fisherman

Though no such income limit has been set for the fisherman to apply for the scheme benefits, the central government might ask for relevant documents of income certificate at the time of online registration under the scheme.

Identity proof

The fisherman has to submit relevant documents of identity proof such as voter ID card or Aadhaar card at the time of online registration for scheme. It would also be required in support of the claim that the person is employed in the fishing sector.

Other than this, the fisherman has to submit documents related to a bank account. This would help to link the bank account with the scheme as the beneficiary amount will be directly credited to the bank account.

Benefits Of Pradhan Mantri Matsya Sampada Yojana

The target of the plan is to enhance or increment horticulture, modernize handling and abatement agrarian waste and to use the potential in the fishery area. The administration proposed the Pradhan Mantri Matsya Sampada Yojana (PMMSY) to build up a powerful fishery board structure and check holes in the worth chain. Government has clarified that ‘Blue Revolution’ or ‘Neeli Kranti’ can possibly achieve the primary spot on the planet in fish creation. It incorporates MoFPI’s plans, for example, Food Parks, Food Safety and Infrastructure.

Implementation Of The Scheme

The government will have a spending plan of Rs. 6000 and is required to hold speculation of Rs. 31,400 crore. The treatment of around 334 lakh MT agro-produce esteeming Rs 1 lakh 4 thousand 125 crores. Around 2 million ranchers will have an advantage from the Matsya Sampada and will produce around 5 lakh 30 thousand immediate or backhanded work in the nation in 2019-2020. The administration has set an objective for fish creation and that is to accomplish the objective of 15 million ton by 2020 under the Blue Revolution and raise it to around 20 million tons by 2022-23.

Financial Allowance

It will have budget of Rs. 6000 and is expected to hold investment of Rs. 31,400 crore, handling of about 334 lakh MT agro-produce valuing Rs. 1 lakh 4 thousand 125 crore. Around 2 million farmers will have benefit from this Yojna and will generate about 5 lakh 30 thousand direct or indirect employment in the country in 2019-2020.

Objective Of The Scheme

The objective of the Matsya Sampada Yojana are given below in the following list:-

  • This scheme will improve the current framework of the chain from ranch entryway to retail outlet.
  • It will expand the development of food preparing part in the nation.
  • It will build GDP, Employment and venture.
  • this Scheme help in decreasing the gigantic wastage of horticulture items.
  • It will help in giving better costs to ranchers and twofold their salary.

Pradhan Mantri Matsya Sampada Yojana (PMMSY) Online Apply

There is no specific registration procedure which is announced by the government of India to apply for the scheme but as soon as the detail application procedure is out we will inform you through this website only.

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