Union Cabinet has approved Pradhan Mantri Matsya Sampada Yojana.
It will be implemented at a total investment over Rs. 20 thousand crore .
The investment will comprise of Central share of nine thousand 407 crore rupees, State share of Rs. 4,880 crore and beneficiaries’ share of Rs 5,763 crore.
The scheme will be implemented during a period of five years from 2020-21 to 2024-25. The scheme will address the critical gaps in the fisheries sector and realize its potential.
It will improve availability of certified quality fish seed and feed, traceability in fish and effective aquatic health management.
It will create direct employment opportunities to about 15 lakh fishers, fish farmers, fish vendors and other rural and urban populations in fishing.
This will boost investments in fisheries sector and increase of competitiveness of fish and fisheries products. The scheme will also help in doubling of incomes of fish farmers and fish workers by 2024.