← Concept Library · Economy
Economy GS 3 In the news 10 times

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

PMMSY was launched in September 2020 with the vision of "Sustainable, Responsible, Inclusive and Equitable Development of Fisheries Sector." It is a flagship scheme under the Aatmanirbhar Bharat package with a total investment of ₹20,050 crore for FY2021-22 to FY2024-25, subsequently extended to FY2025-26. The scheme operates across all states and union territories, with Central assistance, state share, and beneficiary contributions. It targets: doubling fish exports to ₹1 lakh crore, increasing fish production to 22 million metric tonnes (MMT), creating 55 lakh additional employment, and doubling fishers' and fish farmers' incomes.

Key details
  • PMMSY launched: September 10, 2020 (announced in Union Budget 2020-21).
  • Total investment: ₹20,050 crore (FY21-25); extended to FY26.
  • Central share: ₹9,407 crore; State share: ₹4,880 crore; Beneficiary contribution: ₹5,763 crore.
  • Fish production target: 22 MMT by FY25 (India's production in FY24: ~17.5 MMT).
  • Fish export target: ₹1 lakh crore (up from ~₹46,000 crore in FY23-24).
  • Employment target: 55 lakh additional direct and indirect jobs.
  • Post-harvest loss reduction target: from 20-25% to 10%.
In the news

Tracked since March 12, 2026 · last seen August 30, 2026 · updates as the daily brief publishes

Related concepts
See it in today’s brief. Daily current affairs with every static concept explained in place.
Read the daily brief