The Pradhan Mantri Matsya Sampada Yojana (PMMSY), launched in 2020, marked six years on 10 September 2026. The scheme, with a sanctioned outlay of Rs 20,750 crore, aims to develop an integrated fisheries economy by addressing gaps across production, aquaculture, fishing infrastructure, cold chains, transportation, marketing, post‑harvest management and welfare of fishers.
In the Budget Estimates for 2026–27 the government allocated Rs 2,500 crore for PMMSY. By 11 August 2026 the Department of Fisheries had approved projects worth Rs 21,394.88 crore, of which the Central share was Rs 9,510.89 crore, based on proposals from States, Union Territories and implementing agencies.
Production and exports have risen since the scheme began: fish production increased from 141.64 lakh tonnes in 2019–20 to 197.75 lakh tonnes in 2024–25, and fisheries exports grew from Rs 46,663 crore in 2019–20 to Rs 73,890 crore in 2025–26.
PMMSY has emphasised infrastructure and technology. Approved investments include Rs 2,797 crore for cold‑chain and marketing infrastructure — covering 28,489 fish transport units, 775 cold storage and ice plants, 1,394 live fish vending units, 6,018 fish kiosks, 117 retail fish markets and 24 wholesale fish markets — and Rs 3,741.89 crore for 28 fishing harbour development/modernisation projects, 25 fish landing centres and 23 dredging projects.
Technology and diversification measures supported under PMMSY include 12,081 Recirculatory Aquaculture Systems, 4,205 Biofloc units, 52,058 reservoir cages, 23,285.06 hectares of pond area, 12 Integrated Aquaparks (costing Rs 713.80 crore), Rs 198.17 crore for seaweed cultivation and 2,672 ornamental fish rearing units. Between FY 2021–22 and FY 2025–26 projects worth Rs 544.86 crore were approved to form 2,195 Fish Farmers Producer Organisations.
The fisheries sector currently supports nearly three crore livelihoods and PMMSY interventions have generated direct and indirect employment for around 58 lakh people, according to the scheme’s implementation data.