Category: Government Schemes
Context:
- The Union Government allocated ₹2,500 crore for the fisheries sector under the Pradhan Mantri Matsya Sampada Yojana in the Budget Estimates for 2026–27.

About PM Matsya Sampada Yojana:
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- Nature: It is a flagship umbrella scheme for the sustainable and responsible development of India’s fisheries sector, designed to modernize the fisheries value chain and improve the socio-economic welfare of fishers and fish farmers.
- Launch: The scheme was launched on 10 September 2020.
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- Ministry: It is implemented by the Department of Fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying, Government of India.
- Duration: Originally it was launched for 5 years (FY 2020-21 to FY 2024-25), but now it is extended up to FY 2025-26.
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- Objective: It aims to enhance fish production and productivity in a sustainable and inclusive manner. It also aims to modernize fisheries infrastructure and strengthen the value chain including post-harvest management and marketing.
- Large Investment Framework: The scheme was approved with a total investment of about ₹20,050 crore for holistic fisheries sector development.
- Two Implementation Components: It operates through Central Sector (CS) and Centrally Sponsored Scheme (CSS) components.
- Infrastructure Development: It focuses on fishing harbours, cold chain facilities, processing units, and modern fish landing centers.
- Aquaculture Promotion: It supports activities such as biofloc farming, sea cage farming, seaweed cultivation, ornamental fisheries, and pearl farming.
- Fisher Welfare Measures: It also provides financial assistance for fishing boats, gear upgrades, and support during fishing ban periods.
- Sustainable Fisheries Management: It also provides for promotion of artificial reefs, mariculture, and ecosystem restoration to replenish fish stocks.
- Capacity Building: Training programmes and skill development initiatives are also conducted for fishers and entrepreneurs.
- Significance: It strengthens India’s position as the second-largest fish producer globally, contributing nearly 8% of global fish production. It also supports millions of fishers and coastal communities through income generation and employment opportunities.
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