Launched on September 10, 2020 by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying for a period of five years from 2020-21 to 2024-25.
- The scheme has now been extended up to 2025–26.
- National Fisheries Development Board (NFDB) is nodal agency for implementing the training, awareness and capacity-building programmes under PMMSY.
- PMMSY will be implemented as an umbrella scheme having both Centrally Sector Components and Centrally Sponsored Scheme Components.
Key Achievements
- The country has emerged as the second-largest fish producer in the world, contributing nearly 8% of global fish production.
- The scheme has created 58 lakh livelihoods and empowered 99,018 women.
Strategic Initiatives
- Empowering women in fisheries: Provides up to 60% financial assistance for women-oriented projects and supports climate-resilient coastal villages.
- Technology Adoption: Scaled up Biofloc and Recirculatory Aquaculture System (RAS) units to boost productivity sustainably.
- Formalization & Digitalization: The Pradhan Mantri Matsya Kisan Samridhi Sah Yojana (PM-MKSSY), sub-scheme of PMMSY, and National Fisheries Digital Platform (NFDP) formalize the sector and offer single-window access to benefits.
- Climate Resilient Coastal Fishermen Villages (CRCFV): The development of 100 CRCFV aims to enhance climate resilience in coastal communities.
