Blue Revolution: Cabinet gives nod to scheme in NE and Himalayan States

NEW DELHI: With a target to double the income of fishermen, fish farmers and workers by 2024, the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its nod to the implementation of Rs 20,050- crore Pradhan Mantri Matsya Sampada Yojana (PMMSY), a scheme to promote 'Blue Revolution' in the country through sustainable development.

The scheme will be implemented in the next 5 years from FY 2020-21 to FY 2024-25.

Out of the Rs 20050 crore, the share of the Central government will be Rs 9,408 crore and the state governments' Rs 4,880 crore while the share of beneficiaries will be Rs 5,763, according to the Union Ministry of Fisheries, Animal Husbandry and Dairying.

The Ministry said in a statement that the PMMSY will address the critical gaps in the fisheries sector and aid it in realizing its potential.

The scheme is expected to create direct gainful employment opportunities to about 15 lakh fishers, fish farmers, workers, vendors and other rural/urban populations in fishing and allied activities. Besides, it promises to offer indirect employment opportunities, including enhancement of incomes, said the Ministry. (IANS) 

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