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Odisha Blue Economy: PM Matsya Sampada Yojana Updates

UPSC / SSC current affairs note · Economy

EconomyPolity

Why in news

The Ministry of Fisheries, Animal Husbandry and Dairying informed the Rajya Sabha about the progress of PMMSY in Odisha, including approval of ₹1,301.18 crore projects and establishment of an integrated aqua park and a modern wholesale fish market. This highlights the government's focus on boosting the blue economy and fisheries infrastructure.

Background

PMMSY was launched in 2020-21 as a flagship scheme for the sustainable development of the fisheries sector in India. It aims to enhance fish production, improve post-harvest infrastructure, and ensure welfare of fishers and fish farmers.

Key facts

in5points

  1. PMMSY is being implemented in all states and UTs including Odisha since 2020-21.

  2. Fisheries Department approved total ₹1,301.18 crore for Odisha's proposals, with central share of ₹484.64 crore.

  3. In January 2025, a ₹100 crore integrated aqua park was approved at Basantpur, Sambalpur.

  4. Land acquisition, issuance of Letter of Intent to implementing agency, construction of approach road and boundary wall completed for the aqua park.

  5. Construction of in-house hatchery, grow-out ponds, processing units, research facilities, and effluent treatment plant is in various stages.

  6. A modern state-of-the-art wholesale fish market at Pandara, Bhubaneswar with 44 wholesale and 99 retail units approved at ₹59.13 crore.

  7. The fish market will have renewable energy-based power system and rainwater harvesting facilities.

  8. Kisan Credit Card (KCC) facility extended to fishers and fish farmers since FY 2018-19.

  9. State governments provide additional interest subvention: 4% on loans up to ₹1 lakh and 2% on loans between ₹1-3 lakh, making KCC loans up to ₹1 lakh interest-free and effective interest rate 2% for loans ₹1-3 lakh.

  10. Odisha government conducts regular awareness programs through fisheries and animal resource fairs and meetings at district, block, and village levels.

Prelims pointers

  • PMMSY: Pradhan Mantri Matsya Sampada Yojana
  • Ministry: Ministry of Fisheries, Animal Husbandry and Dairying
  • Launch year: 2020-21
  • Integrated Aqua Park at Basantpur, Sambalpur, Odisha
  • Wholesale fish market at Pandara, Bhubaneswar
  • Kisan Credit Card (KCC) for fishers since FY 2018-19
  • Interest subvention: 4% for loans up to ₹1 lakh, 2% for ₹1-3 lakh
  • State Level Bankers' Committee (SLBC)

Mains angles

  • GS3: Role of PMMSY in boosting blue economy and fisheries sector in India
  • GS2: Centre-State coordination in implementing flagship schemes like PMMSY
  • GS3: Infrastructure development for fisheries value chain and its impact on livelihoods