Samajho’s Telegram Compilation: Part 8

This is a compilation of various Articles / Solutions to MCQs that we regularly post on our Telegram Channel.
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• About
  • Launched in 2019 by the European Union together with relevant authorities from Argentina, Canada, Chile, China, India, Kenya, and Morocco
  • It was introduced at the IMF and World Bank Group Annual Meetings, in Washington D.C.
• Aim
  • To scale up the mobilization of private capital towards environmentally sustainable investments
• Objectives
  • Promote best practices in environmentally sustainable finance;
  • Identify barriers and opportunities to scale up environmentally sustainable finance internationally;
  • Enhance international coordination on environmentally sustainable finance issues.

• Context
  • The Union Cabinet has approved the implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
• About the scheme
  • It aims to bring about the Blue Revolution through sustainable and responsible development of the fisheries sector under two components
    1. Central Sector Scheme (CS)
    2. Centrally Sponsored Scheme (CSS)
  • It will be implemented for five years from FY 2020-21 to FY 2024-25.
• FUNDING PATTERN
  • Central Sector Scheme Component
  • The entire project cost is borne by the Central government i.e. 100% central funding.
  • Direct beneficiary-oriented activities are undertaken by the entities of central government including the National Fisheries Development Board (NFDB) with the assistance of
    1. 40% of the project cost for General category
    2. 60% for SC/ST/Women category.
• Centrally Sponsored Scheme
  • The project cost for the Non-beneficiary orientated sub-components under CSS components will be shared
    1. North Eastern and the Himalayan States- 90% Central share and 10% State share.
    2. Other States- 60% Central share and 40% State share.
    3. Union Territories (with the legislature and without legislature)- 100% Central share.
  • For the Beneficiary orientated activities, the Government financial assistance of both Centre and State/UTs governments together will be limited to
    1. 40% of the project cost for General category
    2. 60% of the project/unit cost for SC/ST/Women.
• Benefits
  • Address the critical gaps in the fisheries sector and realize its potential.
  • Augment fish production and productivity at a sustained average annual growth rate of about 9% to achieve a target of 22 million metric tons by 2024-25.
  • Improve the availability of certified quality fish seed and feed, traceability in fish, and including effective aquatic health management.
  • Create critical infrastructure including modernization and strengthen the value chain.
  • Boost investments in the fisheries sector and increase the competitiveness of fish and fisheries products.
  • Double fishers, fish farmers and fish workers incomes by 2024.