Pradhan mantri matsya sampada yojana, ₹20,050 crore investment in the fisheries sector

The Government of India, under the Department of Fisheries, is implementing the Pradhan Mantri Matsya Sampada Yojana (PMMSY) with an investment of ₹20,050 crore in the fisheries sector. The scheme aims for the sustainable, responsible, inclusive, and equitable utilization of the sector’s full potential while promoting sustainable fish production methods. PMMSY is being implemented across all states and union territories, including Karnataka.

₹1,056.34 Crore Approved PMMSY:

As part of PMMSY, the Government of India has approved Karnataka’s fisheries development proposal at a total cost of ₹1,056.34 crore. Key activities under this approval include establishing fish hatcheries, expanding freshwater and brackish water aquaculture, implementing recirculatory aquaculture systems, biofloc units, cage culture, seaweed farming, ornamental fish breeding, and farming units. The primary goal is to boost fish production and productivity in the state.

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Promoting Fish Breeding Conservation:

PMMSY also supports the installation of artificial reefs in coastal marine areas, including Karnataka, to restore fish stocks. Additionally, the Government of India enforces a uniform fishing ban during the fish breeding season within the Indian Exclusive Economic Zone, a measure also adopted by coastal states and union territories, including Karnataka, to ensure conservation and marine safety.

New Initiative for Micro-Industries in Aquaculture: The Government of India has also approved the sub-scheme, Pradhan Mantri Matsya Kisan Samriddhi Co-Plan, to be implemented from 2023-24 to 2026-27. Under PMMSY, various methods of fish farming, including freshwater aquaculture, brackish water aquaculture, cold-water fisheries, ornamental fish farming, fish processing and marketing, and hatchery practices, is being promoted. The National Fisheries Development Board (NFDB) has reported that 141 training and outreach programs under PMMSY have received financial assistance in Karnataka, benefiting 10,150 participants and involving a sanctioned amount of ₹121.15 lakh.

Infrastructure Development Fund for Farmer Organizations: Additionally, the Department of Animal Husbandry and Dairying (DAHD), Government of India, has launched a scheme under the "Infrastructure Development Fund" with an allocation of ₹500 crore for 2021-22 to 2025-26. This scheme aims to provide working capital loans to dairy cooperatives and farmer-producer organizations involved in dairy activities to help them recover from crises caused by adverse market conditions or natural calamities.

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