Blue Economy | PM Matsya Sampada Yojana (PMMSY)

Print Friendly, PDF & Email

Blue Economy | PM Matsya Sampada Yojana (PMMSY)

Blue Economy | What is Blue Economy? | PM Matsya Sampada Yojana | Matsya Sampada Yojana | PMMSY

PM Matsya Sampada Yojana हिन्दी करंट अफेयर्स, करंट अफेयर्स, 8 jan 2021, आर्थिक विकास, नीली अर्थव्यवस्था
Latest & Daily Updated Current Affairs on Youth Destination

The Prime Minister said in a recent address that the blue economy is going to be an important source of self-reliant India.

Blue economy

  • The blue economy refers to preserving the health of the ocean ecosystem by making sustainable use of ocean resources for economic growth, better livelihood and employment.
  • The blue economy accounts for 4.1% of India’s total economy.
  • Fishing, deep sea mining and offshore oil and gas are major components of India’s blue economy.

Measures were taken by India to realize the potential of blue economy

  • The Sagarmala project has been initiated by the Ministry of Ports, Shipping and Waterways.
  • The project is a strategic initiative to ensure port-based development through the widespread use of information technology enabled services for the modernization of ports.

PM Matsya Sampada Yojana (PMMSY) 

  • It aims to increase fisheries production by an additional 70 lakh tonnes and to increase fisheries export income to Rs 1 lakh crore by the year 2024-25.
  • Under the Sagarmala initiative, Coastal Economic Zones (CEZs) are being developed covering all the coastal states.
  • The CEZs are endemic economic zones. These include coastal districts or a group of other districts intimately connected to the ports in that region.
  • Polymetallic nodules: India has received approval from the International Seabed Authority for deep sea mining in the central Indian Ocean.

Current Affair About Blue Economy And PM Matsya Sampada Yojana

Source – PIB, The Hindu


Download Our App


Open chat
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes