About the Scheme
PM-MKSSY formalizes the fisheries sector and provides credit, insurance, and performance grants to fish farmers and workers. Launched September 2023 as a sub-scheme under PMMSY. Budget: ₹6,000 crore (2023-24 to 2026-27). Targets 4 lakh micro-enterprises; 1.7 crore fishers and fish workers. Provides digital identity (Fisherman ID) and access to formal credit.
Target Beneficiaries: 1.7 crore fishers and fish workers; 4 lakh micro-enterprises; coastal and inland fisheries
Key Features
- Budget: ₹6,000 crore (2023-24 to 2026-27); sub-scheme under PMMSY
- Targets: 4 lakh micro-enterprises; 1.7 crore fishers and fish workers
- Fisherman ID: digital identity card for all registered fishers
- Performance grants: incentives for achieving production targets
- Credit access: formal bank loans for fish farmers
- Insurance: coverage for fishing vessels and equipment
- Complements PMMSY (₹20,050 crore) for comprehensive fisheries development