PMMSY: ₹2,500 Crore for Fisheries in Union Budget 2026-27
Why in the news
The Centre earmarked ₹2,500 crore in the 2026-27 Budget for fisheries under the Pradhan Mantri Matsya Sampada Yojana.
Key facts
- Allocation: ₹2,500 crore in Budget 2026-27.
- Launched 10 September 2020; run by the Department of Fisheries (Ministry of Fisheries, Animal Husbandry and Dairying).
- Approved investment: about ₹20,050 crore.
- Components: Central Sector (CS) and Centrally Sponsored Scheme (CSS).
Support areas
| Area | Examples |
|---|---|
| Infrastructure | Harbours, landing centres, cold chain, processing and storage |
| Aquaculture | Biofloc, sea cages, seaweed, ornamental fish, pearls |
| Fisher welfare | Boats, gear, insurance, aid in fishing bans |
| Stocks | Artificial reefs, mariculture, ecosystem restoration |
Objectives
- Sustainably raise fish output and productivity.
- Modernise infrastructure and value chains.
- Lift fisher incomes; promote responsible management.
Exam angle
- Launch: 10 September 2020.
- Nodal: Department of Fisheries.
- Investment: about ₹20,050 crore.