Question

Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched in the year
[Question ID = 1434]

• A. 2017
• B. 2018
• C. 2019
• D. 2020

Hint:

PMMSY was launched as part of the Atmanirbhar Bharat package during the COVID-19 pandemic to boost the rural economy. Remember the goal: $22$ MMT production and $1$ lakh crore exports.

Answer 1

The Correct Option is D

Step 1: Understanding the Question:
The question asks for the launch year of the flagship scheme of the Government of India for the sustainable development of the fisheries sector.

Step 2: Detailed Explanation:

• What is PMMSY? The Pradhan Mantri Matsya Sampada Yojana is an ambitious scheme aimed at bringing about a "Blue Revolution" through sustainable and responsible development of the fisheries sector in India.

• Launch Date: PMMSY was officially launched by the Prime Minister of India on 10th September 2020.

• Objectives: The scheme has an estimated investment of Rs. $20,050$ crores for a period of 5 years (FY 2020-21 to FY 2024-25). Its goals include increasing fish production to $22$ million metric tonnes by 2024-25, doubling export earnings, and doubling the incomes of fishers and fish farmers.

• Implementation: It is implemented by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying.

Step 3: Final Answer:
The scheme was launched in 2020.