In Union Budget 2023, a sub-scheme of which of the following Yojanas has been proposed with the investment of ₹6,000 crore to enable activities of fishermen, fish vendors, and micro and small enterprises?

Correct option is B

The correct answer is (B) PM Matsya Sampada Yojana.

Explanation:

• In the Union Budget 2023, the government announced a sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) with an investment of ₹6,000 crore.
• This scheme aims to enhance fish production, support fish farmers, and promote the fisheries sector.
• It will enable activities of fishermen, fish vendors, and micro and small enterprises involved in fisheries.
• The focus is on modernization, value addition, and export promotion in the fisheries industry.

Information Booster:

• PM Matsya Sampada Yojana (PMMSY) was launched in 2020 under the Aatmanirbhar Bharat Abhiyan.
• It aims to increase fish production to 22 million metric tonnes by 2024-25.
• It focuses on infrastructure development, fisheries exports, and livelihood support for fish farmers.
• India is one of the largest fish-producing countries, contributing over 7% to global fish production.

Additional Knowledge:

• PM Fasal Bima Yojana

  • Launched in 2016 to provide crop insurance to farmers against natural calamities.
  • Ensures financial stability for farmers in case of crop loss.

• PM Ujjwala Yojana

  • Launched in 2016 to provide free LPG connections to poor households.
  • Aims to reduce health hazards caused by traditional cooking fuels.

• PM Mudra Yojana

  • Launched in 2015 to provide collateral-free loans to small businesses and entrepreneurs.
  • Supports micro, small, and medium enterprises (MSMEs).