Blue Economy of Odisha under PMMSY

Why in news

The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India, has approved fisheries development proposals for Odisha under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), amounting to ₹1,301.18 crore, including a Central share of ₹484.64 crore. This includes the establishment of an Integrated Aqua Park and a Wholesale Fish Market.

Exam relevance

GS3 · Economy, Governance · Prelims · Mains

Key facts

1. Odisha's fisheries development proposals under PMMSY approved for ₹1,301.18 crore.
2. Central share for these proposals is ₹484.64 crore.
3. An Integrated Aqua Park is being established at Basantapur, Sambalpur with a project cost of ₹100 crore.
4. Key preparatory works for the Aqua Park, including land procurement and approach road construction, are complete.
5. A State of Art Wholesale Fish Market is approved for construction at Pandara, Bhubaneswar.

Prelims pointers

• PMMSY was launched in 2020-21.
• The scheme is implemented across all States and Union Territories.
• Odisha has received approval for fisheries development proposals worth ₹1,301.18 crore under PMMSY.
• The Central share for these proposals amounts to ₹484.64 crore.
• An Integrated Aqua Park is being set up in Sambalpur, Odisha.
• A Wholesale Fish Market is being established in Bhubaneswar, Odisha.

Mains practice question

Discuss the significance of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in developing the Blue Economy of coastal states like Odisha. What are the key infrastructure developments being undertaken and their potential impact?

Static linkage

Pradhan Mantri Matsya Sampada Yojana (PMMSY) is a flagship scheme aimed at sustainable development of the fisheries sector in India. The 'Blue Economy' refers to the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs, while preserving the ocean's health.

Significance

The approved funding and projects under PMMSY are expected to significantly boost Odisha's fisheries and aquaculture sector, contributing to its Blue Economy. The Integrated Aqua Park and Wholesale Fish Market are crucial infrastructure developments that will enhance value chain efficiency, improve post-harvest management, and potentially increase income for fishers and stakeholders. This aligns with national goals of increasing fish production, exports, and employment.