What happened
The Ministry of Fisheries, Animal Husbandry & Dairying has reiterated two insurance-linked support measures for the fisheries sector: accident insurance for fishers under Pradhan Mantri Matsya Sampada Yojana (PMMSY) and premium support for aquaculture insurance under Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY). The two measures cover different risk profiles: livelihood shocks for fishers and production losses for aquaculture farmers.
Background and earlier position
PMMSY was launched in 2020 as the Union Government's umbrella scheme for fisheries development. PM-MKSSY is a component under the broader PMMSY architecture and aims to support fish farmers through risk mitigation tools such as insurance and incentives. The present communication fits into the continuing use of subsidies and insurance as part of fisheries welfare and productivity policy.
What the current support covers
Under PMMSY, social security is provided through group accidental insurance for marine and inland fishers and allied fish workers. Under PM-MKSSY, one-time incentive support is provided for aquaculture insurance purchased by farmers.
Related current affairs
- Salient features of Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) under PMMSY
- PM Matsya Sampada Yojana: Enhanced Group Accident Insurance Scheme coverage for fishers (GAIS)
- Holistic development of fisheries and aquaculture under PMMSY, FIDF and PM-MKSSY
- Launch of fisheries infrastructure projects under PMMSY and seaweed capacity building conclave in Puducherry (Rs 36.49 crore)
- MoFAH&D reviews progress of Tilapia Cluster under PMMSY in Chhattisgarh; roadmap for export-oriented cluster development
- Protection of traditional fishing rights and livelihoods through zonation, enforcement and PMMSY measures