The Department of Fisheries, Ministry of Fisheries Animal Husbandry and Dairying is implementing the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) as a Central Sector Sub-scheme under the ongoing Pradhan Mantri Matsya Sampada Yojana (PMMSY) for a four-year period from FY 2023-24 to FY 2026-27 with an estimated outlay of Rs. 6000 crore. The scheme was launched with the National Fisheries Digital Platform (NFDP) on September 11, 2024, to extend digital services to the sector.
Key components include the gradual formalization of the unorganized fisheries sector through creation of work-based digital identities for fish workers, improved access to institutional finance including working capital, strengthening of fisheries cooperatives through enhanced institutional capacity and market access, and various incentive programs. The scheme provides a one-time incentive for aquaculture insurance purchase at 40% of premium paid with a ceiling of ₹25,000 per hectare or ₹1 lakh per farmer for 4 hectares Water Spread Area (WSA). For intensive systems like cage culture, RAS, bio-floc, and raceways, the incentive is 40% of premium with ceiling of ₹1 lakh per farmer for 1800 m³. SC/ST and women beneficiaries receive an additional 10% incentive beyond the general category amount.
PM-MKSSY promotes environmentally sustainable and climate-resilient practices by incentivizing projects adopting decarbonization, renewable energy, climate-smart technologies, improved hygiene, waste management, greenhouse gas emission reduction, and Better Management Practices including disease management and quality standards.
The scheme provides Performance Grants for Microenterprises at 25% of total investment or ₹35 lakh (whichever is lower) for General Category, and 35% of total investment or ₹45 lakh (whichever is lower) for SC, ST and Women-owned microenterprises. For Village Level Organizations and Federations of SHGs, FFPOs and Cooperatives, the Performance Grant shall not exceed 35% of total investment or ₹200 lakh, whichever is lower. Additionally, the scheme provides ₹10,000 and ₹15,000 per year for creation and maintenance of jobs for men and women respectively, subject to the limit of 50% of total eligible Performance Grant.
PM-MKSSY supports Indian seafood exports through quality and sustainable aquaculture, value addition, certification, traceability, disease surveillance, modern post-harvest and cold-chain infrastructure, and food safety measures. The demand-driven scheme is implemented in all States/UTs including Andhra Pradesh, with no district-specific interventions or state-wise employment targets, though it aims to generate 1.70 lakh jobs nationwide.