Syllabus: GS-II
Subject: Society & Social Justice
Topic: Social Empowerment & Welfare
Issue: Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana
Context:Â Union Cabinet approved the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana.
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY):
- Formalize and support micro and small enterprises in the fisheries sector for the financial year (2023-24 to 2026-27).
- The allocated 6,000 crore, split 50% from public finance (including World Bank, AFD) and 50% from beneficiaries/private sector.
- Beneficiaries: Fishers, fish farmers, workers, vendors, LLPs, cooperatives, SHGs, FFPOs.
- Components:
- Formalization of the fisheries sector with the National Fisheries Digital Platform (which is to be created).
- Adoption of aquaculture insurance.
- Support for value chain efficiencies.
- Ensuring the safety and quality of fishery products.
| Pradhan Mantri Matsya Sampada Yojana (PMMSY):
o   It is a Flagship scheme fostering sustainable development in India’s fisheries sector. o   Under the Ministry of Fisheries, Animal Husbandry, and Dairying. o   Aims to Drive a blue revolution by promoting sustainable and responsible growth in the fisheries sector. o   And to Double the incomes of fishers and fish farmers. |
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