Pradhan Mantri Matsya Sampada Yojana

Pradhan Mantri Matsya Sampada Yojana

• Pradhan Mantri Matsya Sampada Yojana (PMMSY) enters its 4^th year of implementation.
• It is a flagship scheme for focused and sustainable development of the fisheries sector in the country with an estimated investment of 20,050 crore for its implementation during 2020-21 to 2024-25 as part of Aatmanirbhar Bharat package.
• To double the incomes of fishers and fish farmers, reducing post-harvest losses from 20-25% to about 10% and the generation of gainful employment opportunities in the sector.
• It is implemented as an umbrella scheme with two separate components namely
• Central Sector Scheme: The project cost will be borne by the Central government. The entire project/unit cost will be funded by the Government of India (GoI) (i.e., 100% GoI Funding).
• Centrally Sponsored Scheme: All the sub-components/activities will be implemented by the States/UTs and the cost will be shared between Centre and State.
• North Eastern & Himalayan States: 90% Central share and 10% State share.
• Other States: 60% Central share and 40% State share.
• India is the 3rd largest fish producing and 2nd largest aquaculture nation in the world after China. 
• The Blue Revolution in India demonstrated the importance of the Fisheries and Aquaculture sector. 
• The sector is considered as a sunrise sector and is poised to play a significant role in the Indian economy in near future. 

Practice Questions for Prelims

Consider the following statements about Pradhan Mantri Matsya Sampada Yojana:
1. It has two separate components- Central Sector & Centrally Sponsored
2. India is the 3rd largest fish producing nation.
3. India is the largest aquaculture nation in the world followed by China.

How to many statements given above are correct?
a) Only 1 statement is correct
b) Only 2 statements are correct
c) All 3 statements are correct
d) None of them are correct

Ans. b)

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