Government Scheme

PM-MKSSY

Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana

Ministry of Fisheries, Animal Husbandry and Dairying

Official Website

Total Outlay

₹6000.00 Cr

Subsidy

Up to 40% for micro-enterprises; 35% for value addition units

Approval Timeline

2-4 months

About this Scheme

PM-MKSSY is a Central Sector sub-scheme under PMMSY designed to formalize the fisheries sector by providing digital identity to fishers and fish workers, supporting micro-enterprise development, facilitating formation of Fish Farmer Producer Organizations (FFPOs), and extending insurance coverage. With a total outlay of Rs. 6,000 crore, it aims to create a robust, organized, and technology-driven fisheries ecosystem across India.

Objectives

1Provide digital identity (Fisheries ID) to all fishers, fish farmers, and fish workers for better governance
2Formalize and organize the unorganized fisheries sector through registration and documentation
3Support micro-enterprise development in fisheries for livelihood enhancement
4Facilitate formation and strengthening of 500+ Fish Farmer Producer Organizations (FFPOs)
5Provide performance-based incentive grants to FFPOs for operational sustainability
6Extend aquaculture insurance coverage for risk mitigation
7Enable working capital support through institutional credit access
8Promote value addition and post-harvest loss reduction in the fisheries sector

Eligibility Criteria

All fishers, fish farmers, and fish workers across India
Micro-enterprises in fisheries sector with annual turnover up to Rs. 5 crore
Existing and new Fish Farmer Producer Organizations (FFPOs)
Individual entrepreneurs setting up value addition or post-harvest units
Women and SC/ST beneficiaries (priority for digital ID enrollment and micro-enterprise support)
Fish Farmer Cooperatives and Self-Help Groups
Processing units seeking to upgrade or formalize operations

Benefits

Digital Fisheries ID card linked to Aadhaar for all fishers and fish workers
Up to 40% subsidy for setting up micro-enterprises (fish kiosks, e-fish markets, fish feed units)
35% subsidy for value addition and post-harvest infrastructure units
Performance-based grants up to Rs. 25 lakh per FFPO over 3 years
Insurance coverage at subsidized premiums under Matsya Suraksha scheme
Working capital loans at concessional interest rates through institutional finance
Digital marketplace access through the National Fisheries Digital Platform
Training and capacity building for digital literacy and enterprise management
Aquaculture crop insurance covering natural calamities and disease outbreaks
One-time registration incentive for micro-enterprises formalizing under GST

Application Process

1Step 1: Enroll for Fisheries Digital ID through Common Service Centre (CSC) or State Fisheries Department
2Step 2: Complete KYC verification with Aadhaar and bank account linking
3Step 3: Access the PM-MKSSY portal using your Fisheries Digital ID
4Step 4: Select applicable component (micro-enterprise / FFPO / insurance / value addition)
5Step 5: Submit online application with required documents and project proposal
6Step 6: District-level screening committee reviews and shortlists applications
7Step 7: State Implementation Agency (SIA) approves and disburses subsidy in DBT mode
8Step 8: Submit periodic progress reports and utilization certificates for subsequent installments

Required Documents

Aadhaar Card and mobile number for digital ID enrollment

Bank account details (Jan Dhan or any nationalized bank account)

Passport-size photographs

Existing fisher/fish farmer identity card (if any)

Project proposal for micro-enterprise or value addition unit

FFPO registration certificate (for FFPO component)

Land/premises documents for proposed enterprise

GST registration (for existing micro-enterprises seeking formalization incentive)

Caste certificate (for SC/ST applicants)

Key Features

Rs. 6,000 crore dedicated outlay for fisheries sector formalization

Digital-first approach with unique Fisheries ID for every fisher

Focus on micro-enterprise development and value chain strengthening

Target of 500+ new FFPOs to organize small-scale fishers

Direct Benefit Transfer (DBT) mode for transparent subsidy disbursal

Integrated insurance coverage for both aquaculture crops and fishing assets

Leveraging National Fisheries Digital Platform for end-to-end digitization

Working capital support through convergence with MUDRA and other credit schemes

Official Website

https://pmmsy.dof.gov.in/pm-mkssy

Visit Website

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