PM Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)
Sub-scheme to formalise the fisheries sector, with incentives for registration, aquaculture insurance and working capital access.
About this scheme
Approved in February 2024 with an outlay of about Rs 6,000 crore for 2023-24 to 2026-27, PM-MKSSY is a central sector sub-scheme of PMMSY. It targets formalisation of the unorganised fisheries sector through the National Fisheries Digital Platform, where fishers, fish farmers, vendors and micro-enterprises create a work-based digital identity. Components cover formalisation, adoption of aquaculture insurance, support to micro and small enterprises for value chain efficiency, and adoption of fish and fishery product safety and quality assurance systems. It aims to bring about 40 lakh small and micro-enterprises into the formal system and generate 5.5 lakh new jobs, with a strong focus on women.
Benefits
- One-time incentive for registering on the National Fisheries Digital Platform
- Subsidy support for adoption of aquaculture insurance
- Performance grants to micro and small enterprises for value chain improvement
- Support for fish and fishery product safety and quality assurance systems
- Easier access to institutional working capital after formalisation
Who can apply
- Fishers, fish farmers, fish workers, fish vendors and fish processors
- Micro and small enterprises in the fisheries value chain
- Fisheries cooperatives, SHGs, FPOs and village level organisations
- Registration on the National Fisheries Digital Platform is mandatory
Documents required
- Aadhaar card
- Bank account details
- Fisher or fish farmer ID card
- Enterprise registration such as Udyam where applicable
- Water body lease or ownership document for fish farmers
How to apply
- 1Register on the National Fisheries Digital Platform and create a work-based identity
- 2Link Aadhaar and bank account for DBT
- 3Apply for the relevant component such as insurance support or enterprise grant
- 4Verification by the State Fisheries Department
- 5Incentive or grant credited to the bank account
Important dates
- Scheme period
- 2023-24 to 2026-27
Available in: All India
Visit the official portal