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Mahesh

16/03/22 07:37 AM IST

Weather-Based Index Insurance Scheme

In News 

  • The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying is implementing a flagship scheme namely Pradhan Mantri Matsya Sampada Yojana (PMMSY) with a highest ever investment of Rs. 20,050 crore for a period of 5 years with effect from 2020-21 to 2024- 25 in all the States/Union Territories.
About PMMSY
  • PMMSY  inter-alia provides livelihood and nutritional support for socio-economically backward active traditional fisher’s families during the fishing ban/lean period under which Governmental financial assistance of Rs. 3000/- per annum is provided to each enrolled beneficiary along with beneficiary contribution of Rs. 1500/- annually.
  • Further, such accumulated amount of Rs. 4500/- is disbursed to each enrolled beneficiary by the respective State/UT at the rate of Rs. 1500/- per month during the fishing ban/lean period for three months annually.
  • PMMSY also provides support for insurance to fishers and insurance premium subvention for fishing vessels under its Centrally Sponsored scheme component. 

Insurance coverage for fishers includes
  • Rs.5,00,000/- against accidental death or permanent total disability,
  • Rs.2,50,000/- for permanent partial disability
  • insurance coverage for hospitalization expenses in the event of accident for a sum of Rs. 25,000/-
Source- PIB 

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