PM Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)

✦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

✓Eligibility Criteria

• Fishers, fish farmers, and fish workers including those involved in the unorganized fisheries value chain.
• Micro and Small Enterprises, including Proprietary Firms and Companies, engaged in fisheries activities.
• Farmer Producer Organizations (FPOs), Cooperatives, and Self-Help Groups (SHGs) active in the fisheries sector.
• Entities must be registered on the National Fisheries Digital Platform (NFDP) to be eligible for scheme benefits.

★Benefits

• One-time financial incentive is provided for the formalization of unorganized fisheries units through digital registration.
• Beneficiaries receive subsidies for adopting aquaculture insurance to protect against crop loss and environmental risks.
• Grants are provided to micro-enterprises for the creation and upgradation of fisheries value chain infrastructure.
• Performance-based incentives are offered to encourage the growth and scaling of micro-enterprises within the sector.

▶Application Process

• Applicants must first register on the National Fisheries Digital Platform (NFDP) to create a unique digital identity.
• The beneficiary submits a proposal for formalization or infrastructure development through the designated online portal.
• Applications are scrutinized by the District Level Committee and subsequently recommended to the State Level Committee for approval.
• Approved funds and incentives are disbursed directly to the beneficiary's Aadhaar-linked bank account via the DBT module.

₹ Budget Allocation

6000

Funding Ratio (Centre:State): 50:50 (Central Government: External Financing from World Bank & AFD)

Historical Context

Launched in February 2024 (formally conceptualized in Sept 2023) to address the lack of institutional credit and high informality in the fisheries sector despite India being the 3rd largest fish producer globally.

Sub-Schemes

Challenges

• Digital Divide: Onboarding traditional, often illiterate, fishers onto the National Fisheries Digital Platform (NFDP).
• Last-mile Connectivity: Reaching remote coastal and inland fishing hamlets with banking and insurance services.
• Complexity of Subsidies: Small-scale fishers may find the performance-based grant criteria difficult to meet.
• Climate Risk: Frequent cyclones and warming oceans threaten the infrastructure and livelihoods the scheme aims to protect.

Reforms & Recommendations

• Integration with local cooperatives and SHGs to facilitate registration.
• Simplified credit appraisal for micro-units.
• Regular training workshops for NFDP usage.

Performance Statistics

SDG Linkages

Constitutional Backing

Technology Used

Success Stories

Key Takeaways

• Creation of National Fisheries Digital Platform (NFDP).
• Provision of 'Fishers Identity Cards'.
• Performance-based grants for improving value chain efficiencies.
• Insurance for aquaculture and fishers' livelihoods.

Convergence Schemes

• Pradhan Mantri Matsya Sampada Yojana (PMMSY)
• Kisan Credit Card (KCC)
• Pradhan Mantri Fasal Bima Yojana (PMFBY)
• Digital India Mission

Sector Tags