Read or download the official PDF of this gazette notification issued by the Ministry of Fisheries, Animal Husbandry and Dairying on 17th August 2026. Classified under Press Release.
Executive Summary
The Department of Fisheries celebrated India’s 80th Independence Day on August 15, 2026, emphasizing the "Blue Economy" and the "Viksit Bharat@2047" vision. Central to this mission is the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a ₹6,000 crore sub-scheme implemented from FY 2023-24 to FY 2026-27. The document outlines the government's commitment to formalizing the fisheries sector, enhancing infrastructure, and providing financial support to three crore fishers and fish farmers.
Key Points / Main Content
Sector Significance and Growth
Global Standing: India is the world’s second-largest fish producer, contributing 8% to global output, and leads in shrimp production and exports.
Economic Impact: The sector supports approximately 3 crore livelihoods and generates extensive employment across the value chain.
Investment History: Since 2015, the government has invested ₹39,272 crore through initiatives like the Blue Revolution Scheme, FIDF, and PMMSY.
The PM-MKSSY Sub-Scheme
Timeline and Scope: A Central Sector Sub-scheme approved on February 8, 2024, for a four-year period (FY 2023-24 to FY 2026-27) across all States and Union Territories.
Funding: Operates with an estimated outlay of ₹6,000 crore.
Digital Formalization: Aims to formalize the unorganized sector by creating work-based digital identities via the National Fisheries Digital Platform (NFDP).
Financial and Operational Support
Institutional Finance: Facilitates access to working capital and institutional credit for fishers and micro/small enterprises.
Insurance Incentives: Provides a one-time incentive for aquafarmers to purchase aquaculture insurance for one crop cycle.
Performance Grants: Offers grants to micro and small enterprises to improve value-chain efficiency, safety standards, and quality assurance.
Value Chain Integration: Focuses on modernizing aquaculture practices, digital traceability, cold-chain management, and branding.
Impact Analysis
Fishers, Fish Farmers, Workers, and VendorsImpact
They benefit from improved livelihoods, adoption of modern practices, and the transition from the unorganized to the formal sector through digital identities.
Action Required
Register on the National Fisheries Digital Platform (NFDP) and utilize available institutional finance and insurance incentives.
Fisheries and Aquaculture Micro and Small Enterprises (MSEs)Impact
MSEs (including proprietary firms and startups) receive performance grants to enhance product safety, quality assurance, and value-chain consolidation.
Action Required
Implement technological interventions and improve operational standards to qualify for performance-based grants.
Cooperatives, FPOs, and Self-Help Groups (SHGs)Impact
These organizations are integrated into the broader fisheries value chain, gaining better access to resources and collective bargaining power.
Action Required
Engage in the PM-MKSSY framework to secure support for member-led fisheries and aquaculture projects.
Youth and EntrepreneursImpact
Identified as central to the sector's future, youth are empowered to bring innovation in branding, marketing, and digital traceability.
Action Required
Participate in the "Yuva Shakti" initiatives to drive enterprise and dynamism within the Blue Economy.
Key Entities Referenced
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY): A Central Sector Sub-scheme under PMMSY designed to formalize the unorganized fisheries sector and support micro and small enterprises through financial and technological interventions.
Pradhan Mantri Matsya Sampada Yojana (PMMSY): A flagship scheme aimed at driving sustainable growth and development in the fisheries and aquaculture sector through large-scale government investment.
Department of Fisheries: The primary government department under the Ministry of Fisheries, Animal Husbandry and Dairying responsible for the development and management of India's fisheries sector.
National Fisheries Digital Platform (NFDP): A digital initiative created under PM-MKSSY to provide work-based digital identities for fishers and facilitate improved service delivery.
Fisheries and Aquaculture Infrastructure Development Fund (FIDF): A key investment initiative focused on creating and modernizing infrastructure to support the growth of the fisheries value chain.
Ministry of Fisheries, Animal Husbandry & Dairying
Department of Fisheries Celebrates 80th
Independence Day, Reaffirms Commitment to
Empowering Fishers sector and Strengthening
the Blue Economy
प्रव तथ: 17 AUG 2026 2:28PM by PIB Delhi
The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of
India, celebrated the 80th Independence Day at New Delhi on 15th August 2026 in the presence of
fishers and fish farmers from across the country. The celebration was held in consonance with the national
themes of “150 Years of Vande Mataram” and “Yuva Shakti for Viksit Bharat@2047”,
commemorating the legacy of the national song that inspired India’s freedom struggle and recognising the
transformative role of youth in nation-building.
The fisheries and aquaculture sector plays a critical role in India’s economy, providing livelihoods to
approximately 3 crore fishers and fish farmers while generating significant employment opportunities
across the value chain. India is the world’s second-largest fish producer, contributing 8% to global output,
ranks second in aquaculture production, leads in shrimp production and export, and is one of the largest
producer in capture fisheries. Since 2015, the Government of India has made cumulative investments of
₹39,272 crore through key initiatives such as the Blue Revolution Scheme, Fisheries and Aquaculture
Infrastructure Development Fund (FIDF), Pradhan Mantri Matsya Sampada Yojana (PMMSY), and its
sub-scheme, Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PMMKSSY), to drive sustainable
growth and development in the sector.
In line with the theme of “Yuva Shakti for Viksit Bharat@2047”, Youth, fishers and fish farmers are
central to the future of India’s fisheries sector, bringing enterprise, innovation and dynamism across the
fisheries value chain from modern aquaculture practices, digital traceability and cold-chain management
to value addition, branding, marketing and exports. Their active participation is expected to further
strengthen fisheries as a key pillar of India’s Blue Economy.
Following the Independence Day celebrations at the Red Fort, the Department organised an interaction
programme with beneficiaries under PM-MKSSY and their spouses to recognise their contributions and
highlight the impact of government initiatives in the fisheries sector. Five beneficiaries under PMMKSSYwere invited for “At- home” reception to be hosted by the Hon’ble President of India at Rashtrapati
bhavan cultural centre, New Delhi. The beneficiaries included Shri Nitul Ch Das, Assam, Shri Suresh
Chandra Rout, Odisha, Shri Ekanath Rama Mukane, Maharashtra, Shri Akash Singh, Uttar Pradesh and
Ms Misha Singh Bihar.
During the interaction, the beneficiaries shared their experiences and highlighted how government support
under PM-MKSSY has enabled them to improve livelihoods, adopt modern practices and expand income
opportunities. Their achievements reflected the growing impact of targeted interventions in empowering
fishers, fish farmers and young entrepreneurs across the country.
The Department reiterated its commitment to further strengthening the fisheries sector through sustained
policy support, infrastructure development, technology adoption and inclusive welfare measures. The
participation of fishers, fish farmers, youth and beneficiaries in the Independence Day celebrations
reflected their vital contribution to national development and reaffirmed the sector’s role in advancing the
vision of Viksit Bharat@2047 through a resilient, sustainable and prosperous Blue Economy.
Background
The Union Cabinet approved the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a
Central Sector Sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), on 8th
February 2024 for a period of four years from FY 2023-24 to FY 2026-27. PM-MKSSY will be
implemented in all the States and Union Territories with an estimated outlay of ₹6000 crore. PM-MKSSY
intends to address the inherent weaknesses of the sector through identified financial and technological
intervention for bringing in institutional reforms to support the transformation of the fisheries sector in the
Long-term.PM-MKSSY aims to address key structural gaps in the fisheries sector by promoting the gradual
formalisation of the unorganised sector through creation of work-based digital identities under the
National Fisheries Digital Platform (NFDP) for improved service delivery. The scheme facilitates
enhanced access to institutional finance, including working capital, for fish farmers, fishers and micro and
small enterprises, while also providing a one-time incentive to aquafarmers for purchasing aquaculture
insurance for one crop cycle. It further incentivises fisheries and aquaculture micro and small enterprises
through performance grants to improve value-chain efficiencies, strengthen fish and fishery product safety
and quality assurance systems, create and maintain employment opportunities, and promote integration
and consolidation of fisheries value chains.
The targeted beneficiaries under PM-MKSSY include fish farmers, fish workers and fish vendors directly
engaged in the fisheries value chain, along with fisheries and aquaculture micro and small enterprises such
as proprietary firms, partnership firms and companies registered in India. The scheme also covers
societies, Limited Liability Partnerships, cooperatives, federations, village-level organisations such as
Self-Help Groups, Fish Farmers Producer Organisations, including Farmers Producer Organisations, and
startups engaged in fisheries and aquaculture value chains. In addition, any other beneficiaries identified
by the Department of Fisheries, Government of India may also be included as targeted beneficiaries under
the scheme.
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JP
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