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Centre okays Rs 4 969 crore package for fisheries sector

This is the first time the Centre has approved proposals worth over Rs 4000 crore under this scheme.

The Pradhan Mantri Matsya Sampada Yojana (PMMYSY)

The Pradhan Mantri Matsya Sampada Yojana (PMMYSY) is a flagship scheme of the Ministry of Fisheries, Animal Husbandry and Dairy.

Climate-Resilient Mariculture Activities

The Indian government has taken a significant step towards promoting sustainable and climate-resilient mariculture activities. The Pradhan Mantri Matri Sadan Yojana (PMMSY) has been instrumental in supporting these initiatives, which are crucial for the country’s marine ecosystem and the livelihoods of its people.

Seaweed and Bivalve Cultivation

Seaweed and bivalve cultivation are two of the most promising climate-resilient mariculture activities.

The Rise of India’s Fish Industry

India’s fish production has experienced a remarkable growth over the past decade. The country’s fish industry has been on the rise, with a significant increase in production levels. This growth can be attributed to several factors, including government initiatives, technological advancements, and changing consumer preferences.

Government Initiatives

The Indian government has implemented several initiatives to boost the country’s fish industry. Some of these initiatives include:

  • Increased funding for fish farming and aquaculture projects: The government has allocated significant funds to support the development of fish farming and aquaculture projects. This has enabled the industry to expand and improve its production levels.

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