Launch of Pradhan Mantri Matsya Sampada Yojana (PMMSY)

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On 10th September 2020, Thursday Prime Minister Narendra Modi launched Rs 20,050 crore-Pradhan Mantri Matsya Sampada Yojana (PMMSY) for the fisheries sector, in order to increase its production and exports. Through video conferencing he also launched a mobile app e-Gopala that will provide solutions to farmers on livestock related issues and inaugurated Semen Station with state-of-the-art facilities in Purnea with an investment of Rs 84.27 crore on 75 acres of land made available by the Bihar government.

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Out of the Rs 20,050 crore, about Rs 12,340 crore is proposed for beneficiary-oriented activities in marine, inland fisheries and aquaculture and about Rs 7,710 crore investment for fisheries infrastructure. The PMMSY aims at enhancing fish production by an additional 70 lakh tonne by 2024-25, increasing fisheries export earnings to Rs 1 lakh crore by 2024-25.

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