Pradhan Mantri Matsya Sampada Yojana

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) (http://pmmsy.dof.gov.in/) is an initiative launched by the Government of India to establish a comprehensive framework and reduce infrastructural gaps in the fisheries sector.

[1][2] The scheme was announced by the Finance Minister, Nirmala Sitharaman during her speech in the parliament of India while presenting the Union budget for 2019–20 on 5 July 2019.

During the Budget speech, the finance minister asserted: "fishing and fishermen communities are closely aligned with farming and are crucial to rural India."

The Economic Survey of India for the year 2018–19 had stressed on allied sectors and focused mainly on enhancing rural economy by strengthening Animal husbandry and Fisheries.

[8] While announcing the stimulus package in the backdrop of the economic slowdown caused by the recent COVID-19 pandemic in India, the Finance Minister announced ₹20,000 crore (equivalent to ₹240 billion or US$2.7 billion in 2023) outlay to enhance the inland fisheries through Matsya Sampada Yojana.