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Sunday, September 13, 2020

Modi launches Rs 20,000 crore scheme for farmers: 55 lakh people to get jobs

 Modi launches Rs 20,000 crore scheme for farmers: 55 lakh people to get jobs

Prime Minister Modi on Thursday launched the PMMSA Matsya Sampada scheme. The scheme is expected to provide employment to 5.5 million people, and a fish cryobank will now be set up in the country.

 In which farmers will increase production with the help of fish sperm. Announcing the Corona transaction package, Sitaram said Rs 11,000 crore would be made available for the development of marine, inland fisheries and aquaculture.

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What is PMSSY's Matsya Vyavastha Yojana (Pradhan Mantri Matsya Sampada Yojana)

Fisheries is an emerging business in the country. The sector still employs 1.5 million people. The central government wants to provide employment to about 55 lakh people in 2024-25. The government has launched the scheme as part of increasing fish production and increasing employment.

 Fisheries Secretary Dr. Rajiv Ranjan said the target is to increase fish production from 137.58 lakh tonnes in 2018-19 to 220 lakh tonnes in 2024-25.

Cryobank will be formed in the country

Giriraj Singh in collaboration with the National Bureau of Fish Genetic Resources, NFDB will work to establish fish cryobank in different parts of the country. This will be the first time in the world. When the fish cryobank will be established.

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 Which can revolutionize the fisheries sector in the country to increase fish production and productivity and from which fish will increase the prosperity of seafarers.

Who can avail the benefits of this scheme?

People from the fishing community:

The benefit of this scheme will be available only to those who belong to the fishing community.


A person who belongs to the aquaculture sector and is engaged in or aspiring for aquaculture. He will be considered worthy.

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Fishermen affected by natural calamities

Fishermen who have been severely affected by a natural disaster will benefit from this.

Cultivation of aquatic organisms

A person or a fisherman who wants to engage in fish farming, knows it and can cultivate other aquatic life along with it will be benefited by being included in this scheme.

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Fish farmers can easily get a loan of Rs 3 lakh

The government's objective behind linking fish farmers with Kisan credit cards is to enable more people to engage in non-agricultural activities and increase their income. Now with the help of Kisan Credit Card, farmers can meet the need of fish, shrimp farming and money coming in time of business. 


Kisan credit card holders can take a loan of up to Rs 3 lakh at an interest rate of 4%. Farmers are being given separate interest rebates on timely repayment of loans. Farmers can apply for a credit card by writing an application to the bank. The application should be accompanied by a photo, identity card, residence certificate and a photocopy of the land ditches.

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