Context: 

The government has identified 100 coastal fishermen villages to be developed into Climate Resilient Coastal Fishermen Villages (CRCFV) under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).

Climate Resilient Coastal Fishermen Villages (CRCFV) 

• CRCFV is one of the multiple key initiatives of the PMMSY.
• An amount of Rs. 200 crore with a unit cost of Rs 2 crore each village has been earmarked for the development of CRCFV with 100% central funding under the PMMSY. 
• The CRCFV initiative, developed in consultation with coastal state governments, aims to ensure the long-term sustainability of the fishing community by enhancing resilience to climate change.
• The scheme will focus on promoting climate-resilient livelihoods, with a particular emphasis on aquaculture and mariculture. 
• This includes the cultivation of seaweed, ornamental fish, bivalves, and other marine species, ensuring a sustainable future for the fishing community.

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

• It was launched in 2020 and is being implemented for a period of five years (2020-21 to 2024-25) with an investment of Rs 20,050 crore.
• The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India is implementing this scheme.

Objectives of PMMSY

• Enhancing fish production and productivity through expansion, intensification and productive utilisation of land and water.
• Modernizing and strengthening of the value chain - post-harvest management and quality improvement.
• Doubling fishers' and fish farmers' incomes and employment generation.
• Enhancing contribution to Agriculture GVA and exports.

The PMMSY is an umbrella scheme with two separate components as below:

• Central Sector Scheme (CS): Fully funded and implemented by the Central Government
• Centrally Sponsored Scheme (CSS): Partially supported by the federal government and implemented by the states.

Contribution of Fisheries Sector to the Indian Economy

• The fisheries sector supports around 30 million people, especially from marginalized communities.
• With fish production of 175.45 lakh tons in FY 2022-23, India is the third-largest fish-producing country in the world. This contributes about 1.09% to the country’s Gross Value Added (GVA) and over 6.724% to the agricultural GVA.