The Union Cabinet on May 20, 2020 approved the implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) – A scheme to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India. The scheme has been approved under two components namely, Central Sector Scheme (CS) and Centrally Sponsored Scheme (CSS) at a total estimated investment of Rs. 20,050 crore comprising of (i) Central share of Rs. 9,407 crore, (ii) State share of Rs. 4,880 crore and (iii) Beneficiaries’ share of Rs. 5,763 crore.
The Scheme will be implemented during a period of 5 years from FY 2020-21 to FY 2024-25.
The Centrally Sponsored Scheme (CSS) Component is further segregated into Non-beneficiary oriented and Beneficiary orientated subcomponents/activities under the following three broad heads: a) Enhancement of Production and Productivity, b) Infrastructure and Post-Harvest Management and c) Fisheries Management and Regulatory Framework.
Central Sector Scheme (CS): The entire project/unit cost will be borne by the Central government (i.e. 100% central funding). Wherever direct beneficiary oriented i.e. individual/group activities are undertaken by the entities of central government including National Fisheries Development Board (NFDB), the central assistance will be up to 40% of the unit/project cost for General category and 60% for SC/ST/Women category.
Centrally Sponsored Scheme (CSS): For the Non-beneficiary orientated sub-components/activities under CSS component to be implemented by the States/UTs, the entire project/unit cost will be shared between Centre and State: 90:10 sharing pattern in North Eastern & Himalayan States while 60:40 sharing patter for rest of the states. Centre will bear the 100% cost in Union Territories.
