Fueling the Blue Economy: Six years of PMMSY transforming India’s fisheries sector

September 11, 2026 12:48 AM

Fueling the Blue Economy: Six years of PMMSY transforming India’s fisheries sector

India’s fisheries sector is emerging as a significant driver of livelihoods, food security, exports and the country’s wider Blue Economy, with the government’s Pradhan Mantri Matsya Sampada Yojana (PMMSY) providing a major push towards modern infrastructure, technology and sustainable growth. Launched in 2020, PMMSY completes six years on September 10, 2026. With a total outlay of ₹20,750 crore, the scheme has sought to address critical gaps across the fisheries value chain, from produc...

India’s fisheries sector charts transformational growth with record budget push and rising output

April 6, 2026 5:39 PM

India’s fisheries sector charts transformational growth with record budget push and rising output

India’s fisheries sector is undergoing a significant transformation, marked by record budgetary support, rising production, and expanding institutional frameworks aimed at strengthening livelihoods and boosting global competitiveness. The Union Budget 2026-27 has proposed the highest-ever allocation of ₹2,761.80 crore for the sector, underlining its growing importance in the country’s economic and food security framework. Of this, ₹2,500 crore has been earmarked for the flagship Pradhan...

Amit Shah inaugurates ‘Deep Sea Fishing Vessels’, calls it milestone for cooperative-based Blue Economy

October 27, 2025 10:05 PM

Amit Shah inaugurates ‘Deep Sea Fishing Vessels’, calls it milestone for cooperative-based Blue Economy

Union Home Minister Amit Shah on Monday inaugurated ‘Deep Sea Fishing Vessels’ under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) at Mazgaon Dock, Mumbai, marking a major step towards modernising India’s marine fisheries sector and strengthening the cooperative movement along the nation’s coastline. The event was attended by Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and Union Minister of State for Cooperation Murlidhar Mohol. ...