PM Matsya Sampada Yojana

Why in news?

• PM Narendra Modi digitally launched the Pradhan Mantri Matsya Sampada Yojana (PMMSY).

About PM Matsya Sampada Yojana:

• It is a scheme to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India.
•  It has the highest ever investment of Rs. 20050 crores in fisheries sector comprising of
  • Central share of Rs. 9407 crore
  • State share of Rs 4880 crore
  • Beneficiaries contribution of Rs. 5763 crore. P
• PMMSY will be implemented over a period of 5 years from FY 2020-21 to FY 2024-25 in all States/Union Territories.

Implementation strategy

• The PMMSY will be implemented as an umbrella scheme with two separate Components namely (a) Central Sector Scheme (CS) and (b) Centrally Sponsored Scheme (CSS).
  • Under the Central Sector Scheme Component an amount of Rs. 1720 crores has been earmarked.
  • Under the Centrally Sponsored Scheme (CSS) Component, an investment of Rs. 18330 crores has been envisaged
• Majority of the activities under the Scheme would be implemented with active participation of States/UTs.

PRELIMS QUESTION

Consider the following statements regarding “Pradhan Mantri Matsya Sampada Yojana (PMMSY)”
1.It will be implemented as 100% central sector scheme.
2.It will be limited to development of aqua culture sector alone.
Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2 
(d)Neither 1 nor 2

Answer to prelims question