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PMMSY scheme provides financial assistance to boost export of shrimp containers
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Saturday, 22 March, 2025, 14 : 00 PM [IST]
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Our Bureau, New Delhi
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The Government, under Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme, provides financial assistance to State Government, Union Territories and Implementing agencies for construction of fishing harbour, fish landing centres, modernisation/upgradation of existing fishing harbours and maintenance dredging of the fishing harbours. During the year, last five years from 2020-21 to 2024-25, Rs 3490 crore have been allocated under the scheme.
The scheme provides for sustainable investment in infrastructure with objective of enhancing production, productivity, exports and addressing key gaps including reduction of post-harvest losses in various component of value chain.
Marine Products Export Development Authority (MPEDA), a statutory body under Ministry of Commerce and Industry promotes and regulates the export of marine products. The initiatives by MPEDA for boosting shrimp exports are oriented towards production and processing and not port specific.
To strengthen the export value chain, the Government has sanctioned projects adjacent to Major Ports namely, modernisation and upgradation of fishing harbour at Visakhapatnam, Chennai, Paradip, Cochin and Mumbai Port with 100% financial assistances under PMMSY in convergence with Sagarmala at a total cost of Rs 651.14 crores. During the financial year 2023-24, India exported an all-time high volume of 17,81,602 MT of sea food worth Rs. 60,523.89 crore.
The information was given by the Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal in a written reply to the Rajya Sabha.
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