Department of Fisheries, under Pradhan Mantri Matsya Sampada Yojana (PMMSY), has sanctioned projects worth Rs 4,969.62 crore across FY2020-21 to FY2023-24 and current fiscal year FY25. With a central share of Rs 1,823.58 crore, scheme focuses on developing India’s fisheries sector and enhancing welfare of small-scale and traditional fishers. Key initiatives include:
- Promoting climate-resilient aquaculture such as seaweed cultivation and artificial reefs.
- Sanctioning Rs 769.64 crore for 480 new deep-sea fishing vessels and upgrading 1,338 existing ones for export competency.
- Providing annual financial aid to 5.94 lakh fishing families during ban periods.
- Insurance coverage for 131.13 lakh fishers.
- Installing one lakh transponders for improved safety and communication at sea.
Key Details in Table
| Aspect | Details |
| Total Sanctioned Projects | Rs 4,969.62 crore |
| Central Share | Rs 1,823.58 crore |
| Deep-Sea Fishing Vessels | 480 new vessels |
| Upgraded Vessels | 1,338 vessels |
| Annual Financial Aid | 5.94 lakh fishing families |
| Insurance Coverage | 131.13 lakh fishers |
| Transponder Installation Cost | Rs 364 crore for one lakh transponders |
| Climate-Resilient Aquaculture | Rs 115.78 crore approved for activities |
Disclaimer
This article is based on publicly available information regarding Pradhan Mantri Matsya Sampada Yojana (PMMSY). Readers are advised to refer to official sources for detailed and updated information.
