CURRENT AFFAIRS

Detailed explanation-1: -The Pradhan Mantri Matsya Sampada Yojana (PMMSY) aims to enhance fish production to 220 lakh metric tons by 2024-25 from 137.58 lakh metric tons in 2018-19 at an average annual growth rate of about 9%.

Detailed explanation-2: -The PM Matsya Sampada Yojana includes key activities such as fishing vessel insurance, support for new/upgrade of fishing vessels, aquaculture in saline/alkaline areas, Sagar Mitras, nucleus breeding centres, fisheries and aquaculture start-ups, incubators, and integrated aqua parks.

Detailed explanation-3: -Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched on 10th September 2020. The aim of the scheme is to bring about Blue Revolution through the sustainable development of the fisheries sector over a period of five years (2020-2025.) PMMSY was announced in the union budget 2019-20.

Detailed explanation-4: -The Blue Revolution scheme concentrates mainly on enhancing the production and productivity of aquaculture and fisheries both from the inland and marine sources. Promoting and encouraging the economically backward sections like the Scheduled Castes, Scheduled Tribes, Women, and their co-operatives to take up fishing.