Govt expedites fisheries project
Pradhan Mantri Matsya Sampada Yojana (PMMSY) earmarked 42% of the total investment for creation and upgrade of fisheries infrastructure
image for illustrative purpose
New Delhi The central government has decided to speed up the implementation of Pradhan Mantri Matsya Sampada Yojana (PMMSY). The decision has been taken in view of the good performance of the fisheries sector since the PMMSY’s launch, official sources told Bizz Buzz.
The Cabinet cleared the PMMSY in May 2020 with a total investment of Rs20,050 crore, comprising the Central share of Rs9,407 crore, States’ share of Rs4,880 crore, and beneficiaries’ contribution of Rs5,763 crore. The five-year scheme would see completion in 2024-25.
In the first three financial years of implementation (from 2020-21 to 2022-23), projects worth Rs14,654.67 crore, or 73 per cent of the total investment envisaged, were approved. As for the Central share of Rs9,407 crore, more than 65 per cent or Rs6,140.82-crore projects were cleared in the three years.
Increased focus on the PMMSY means a series of review meetings by officials of the Union Development of Fisheries. The first of these was recently held with the fisheries officials of the North-Eastern region.
The PMMSY’s emphasis is not just towards improving fish production and productivity, but also enhancing quality, sustainability, technology infusion, post-harvest infrastructure, modernization and strengthening of value chain, and standards. Other focus areas are a robust fisheries management framework, fishers’ welfare, and enhancement of fisheries export competitiveness.
The PMMSY also earmarked about 42 per cent of the total investment for the creation and upgrade of fisheries infrastructure facilities. These include fishing harbors and landing centers, post-harvest and cold chain infrastructure, fish markets and marketing infrastructure, integrated modern coastal fishing villages, and development of deep-sea fishing.
The PMMSY also aims at scaling down post-harvest losses. The activities planned for this are promotion of bio-toilets, insurance coverage for fishing vessels, fisheries management plans, E-trading and marketing, fishers’ and resources’ surveys, and the creation of national, IT-based databases.
On The Wind
l In last 3 yrs, projects worth Rs14,654.67 cr or 73% of total investment were approved
l Centre’s share is Rs9,407 cr or 65%
l Rs6,140.82-cr projects were cleared in 3 yrs
