In a major boost to India’s fisheries sector, the Government of India has approved investment proposals worth ₹21,274.16 crore under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) over the past five years, as per official data released by the Ministry of Fisheries, Animal Husbandry and Dairying.
Out of the total project cost, the central government has committed ₹9,189.79 crore as its share, supporting initiatives submitted by various state governments, union territories, and implementation agencies between FY 2020–21 and 2024–25.
Strengthening the Fisheries Value Chain
The PMMSY, launched to modernize India’s fisheries and aquaculture sector, aims to bridge critical infrastructure gaps, enhance fish production, and increase farmers’ income. One of the standout components of the scheme has been the development of Integrated Aqua Parks cluster-based facilities that offer end-to-end services from seed and feed support to cold chain logistics and market access.
As of now, the Centre has sanctioned 11 Integrated Aqua Parks with a total cost of ₹682.60 crore, including a central share of ₹459.18 crore. These parks are set to serve as value chain hubs for aquaculture activities, reducing post-harvest losses and promoting organized marketing and value addition.
Key Beneficiary States
Among the top states receiving approvals and funding:
- Andhra Pradesh leads with sanctioned projects worth ₹2,405.53 crore, with a central share of ₹563.31 crore and released funds amounting to ₹430.14 crore.
- Karnataka, Kerala, and Maharashtra also received significant funding with multiple development projects aimed at infrastructure modernization and livelihood support.
- Union Territories such as Andaman & Nicobar Islands, Ladakh, and Lakshadweep have also benefitted, supporting the government’s goal of inclusive development across India’s maritime and inland fishery zones.
Boost to Employment and Rural Economy
The PMMSY is not only aimed at enhancing fish production and productivity but also at generating sustainable employment and improving incomes of those dependent on fisheries. The integrated approach—combining physical infrastructure, insurance schemes, technology dissemination, and marketing support—makes the scheme holistic and impactful.
State-of-the-art facilities being developed under the scheme will also promote export-oriented aquaculture, helping India tap into global seafood markets. Through these efforts, the government aims to transform India into a blue economy powerhouse.
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