Pradhan Mantri Matsya Sampada Yojana

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Pradhan Mantri Matsya Sampada Yojana envisages insurance coverage to fishers.

What is Pradhan Mantri Matsya Sampada Yojana ?

PMMSY was launched in September 2020 with an aim to double the income of fish farmers and fishers in the country. It focuses on sustainable development of India’s fisheries sector and is a part of the Atmanirbhar Bharat scheme.

  • The scheme focuses on activities with potential to generate employment such as seaweed and ornamental fish cultivation. It also emphasises on the breeding technique for quality brood, seed & feed and species diversification.

Implementation Strategy

  • It is an umbrella scheme with two separate Components namely (a) Central Sector Scheme (CS) and (b) Centrally Sponsored Scheme (CSS).
  • The CSS Component is further segregated into Non-beneficiary oriented and beneficiary orientated subcomponents/activities under the following three broad heads:
    • Enhancement of Production and Productivity
    • Infrastructure and Post-harvest Management
    • Fisheries Management and Regulatory Framework
  • PMMSY will be implemented in all the States and Union Territories for a period of 5 (five) years from FY 2020-21 to FY 2024-25.

Key Initiatives and Progress

  • PMMSY includes key activities such as fishing vessel insurance, support for new/upgrade of fishing vessels, aquaculture in saline/alkaline areas, Sagar Mitras, nucleus breeding centres, fisheries and aquaculture start-ups, incubators, and integrated aqua parks.
  • PMMSY inter-alia provides insurance coverage to fishers which includes fish workers, fish farmers and any other categories of persons directly involved in fishing and fisheries related allied activities. The insurance coverage provided under the PMMSY includes
    • 5,00,000/- against accidental death or permanent total disability
    • 2,50,000/- for permanent partial disability
    • Hospitalization expenses in the event of accident for a sum of Rs. 25,000/-.

Funding Plan:

  • Central Sector Scheme – The entire scheme cost will be borne by the central govt. Also, in cases of direct beneficiary-oriented activities undertaken by central government entities such as the NFDB, central assistance will be up to 40% of the project cost for the general category and 60% for the SC/ST/women category.
  • Centrally Sponsored Scheme (CSS) – In case of CSS components and subcomponents implemented by the states/UTs, the entire project cost will be shared between the centre and state.


Q1) What is the role of the Fisheries sector in the Indian economy?

The fisheries sector plays an important role in the Indian economy contributing to the national income, exports, food and nutritional security and in employment generation. This sector is also a principal source of livelihood for a large section of the economically underprivileged population of the country, especially in the coastal areas. India has become the 3rd largest fish producer, and the 4th largest exporter of fish and fisheries products taking Brand India from ‘Local to Global’.

Source: Pradhan Mantri Matsya Sampada Yojana envisages insurance coverage to fishers