Matsya Sampada Yojanawas announced by the government in Financial Budget 2019-20. The Government aims to promote aquaculture to benefit all fishermen with social security and to expand the coverage for accident insurance.
A Central Government scheme, it seeks to turn India into a hotspot for fish and aquatic products through appropriate policy for marketing and infrastructure aids.
The government, through this scheme, aims to bring all the fishermen under the domain of farmer welfare programs and social security schemes.
The new scheme was introduced under the newly formed Department of Fisheries that was announced during the interim budget.
