PRADHAN MANTRI MATSYA SAMPADA YOJANA (PMMSY)

July 6, 2019

The government proposed a Pradhan Mantri Matsya Sampada Yojana (PMMSY) to establish a robust fisheries management framework and check gaps in the value chain.

Budget highlights wrt Agriculture:

The government has proposed to increase budget allocation for the Ministry of Agriculture and Farmers Welfare by over 78 % to 39 lakh crore rupees for the current fiscal. out of the total amount, 75,000 crore rupees will be for the Pradhan Mantri Kisan Samman Nidhi.
Besides PM-KISAN, the government has proposed to increase the allocation for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to 14,000 crore rupees for the current fiscal.
To ensure Minimum Support Price (MSP) in times of steep fall in rates, the government has proposed to increase the allocation to 3,000 crore rupees for intervening in the market in such times under the Market Intervention Scheme and Price Support Scheme (MIS-PSS).
To harness the potential in the fishery sector, the government proposed a Pradhan Mantri Matsya Sampada Yojana (PMMSY) to establish a robust fisheries management framework and check gaps in the value chain.
She also proposed setting up of 10,000 new Farmer Producer Organisations (FPOs) to ensure economies of scale for farmers over the next five years.