- The Union Cabinet has approved the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a sub-scheme of the Pradhan Mantri Matsya Sampada Yojana for micro and small enterprises in the fisheries industry.
About Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana
| Details | |
| Total Investment | Rs. 6,000 crores |
| Duration | 4 years (FY 2023-24 to FY 2026-27) |
| Funding Model | Fishermen, aquaculture farmers, seafood workers, and vendorsMicro and small businesses, SHGs, FFPOs, and startups in fisheries and aquaculture |
| Implementation Scope | All States and Union Territories in India |
| Target Beneficiaries | Fishermen, aquaculture farmers, seafood workers, and vendorsMicro and small businesses, SHGs, FFPOs, and startups in fisheries and aquaculture |
| Employment Generation | 1.7 lakh new jobsSpecial emphasis on employing 75,000 women |
| Major Components | Formalisation of the Fisheries SectorAdoption of Aquaculture InsuranceSupport for microenterprises.Adoption and extension of safety and quality assurance systems. |
| Digital Platform | National Fisheries Digital Platform for 40 Lakh Small and aMicro-Enterprises |
| Insurance Incentive | One-time incentive for purchasing aquaculture insurance that covers at least one lakh hectares of aquaculture operations. |
| Performance Grants | Microenterprise awards up to 25% of total investment or Rs.35 lakhs (whichever is lesser) in the general category.Up to 35%, or Rs.45 lakhs, for SC, ST, and women-owned businesses.Village Level Organisations and Federations awards up to 35% of the entire investment, or Rs. 200 lakhs. |
| Project Management | Establishment of Project Management Units (PMUs) |
| Background Achievements | Fish production rose by 79.66 lakh tonnes.Shrimp production increased from 3.22 lakh to 11.84 lakh tonnes.Shrimp exports range from Rs.19,368 crore to Rs.43,135 crore.Employment and livelihood prospects for around 63 lakh fishers and fish growers. |
| Challenges Addressed | Formalisation of the Informal SectorCrop Risk MitigationAccess to Institutional CreditSafety and quality of fish sold by micro- and small businesses |
Source: https://www.pmindia.gov.in/en/news_updates/cabinet-approves-pradhan-mantri-matsya-kisan-samridhi-sah-yojana-pm-mkssy-a-central-sector-sub-scheme-under-the-pradhan-mantri-matsya-sampada-for-the-fisheries-sector-micro-and-small-enterprises/#:~:text=It%20will%20be%20implemented%20for,Intended%20Beneficiaries%3A&text=Fishers%2C%20Fish%20(Aquaculture)%20Farmers,engaged%20in%20fisheries%20value%20chain.