Read or download the official PDF of this gazette notification issued by the Ministry of Fisheries, Animal Husbandry and Dairying on 12th August 2026. Classified under Press Release.
Executive Summary
The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) is a Central Sector Sub-scheme under the PMMSY, active from FY 2023-24 to FY 2026-27 with an outlay of Rs. 6,000 crore. Its purpose is to formalize the unorganized fisheries sector, enhance institutional finance access, and improve value-chain efficiencies. Key milestones include the launch of the National Fisheries Digital Platform (NFDP) on 11.09.2024 and a target to generate 1.70 lakh jobs.
Key Points / Main Content
Sector Formalization and Digitalization
Digital Identity: Creation of work-based digital identities for fish workers via the National Fisheries Digital Platform (NFDP) to improve service delivery.
Institutional Finance: Facilitating access to working capital to reduce capital costs and expand operations for fishers and micro-enterprises.
Cooperative Strengthening: Enhancing the capacity of fisheries cooperatives through improved market access and business development support.
Aquaculture Insurance Incentives
Premium Support: A one-time incentive covering 40% of the insurance premium for fish farmers.
Financial Ceilings: Incentives are capped at ₹25,000 per hectare (up to ₹1 lakh per farmer for 4 hectares) or ₹1 lakh for intensive systems (1800 m³).
Social Inclusion: SC, ST, and women beneficiaries receive an additional 10% incentive over the general category rate.
Sustainability and Modernization
Climate Resilience: Incentivizing projects that adopt decarbonization, renewable energy, and climate-smart technologies.
Standards and Quality: Support for improved hygiene, waste management, disease surveillance, and certification to enhance global competitiveness and seafood exports.
Performance Grants and Job Creation
Microenterprise Grants: Performance grants are provided at 25% of investment (max ₹35 lakhs) for the General Category and 35% (max ₹45 lakhs) for SC, ST, and Women-owned enterprises.
Organization Grants: Village-level organizations, SHGs, and FFPOs can receive grants up to 35% of investment, capped at ₹200 lakhs.
Employment Incentives: Annual grants of ₹10,000 for men and ₹15,000 for women are provided for job creation and maintenance, limited to 50% of the total eligible Performance Grant.
Impact Analysis
Fish Farmers and WorkersImpact
Individual workers gain formal recognition through digital identities and receive financial relief through subsidized aquaculture insurance and better access to institutional credit.
Action Required
Register on the National Fisheries Digital Platform (NFDP) and apply for insurance incentives and formal credit facilities.
Fisheries Micro and Small EnterprisesImpact
Enterprises benefit from financial grants to improve value-chain efficiencies, adopt modern post-harvest technologies, and establish safe fishery supply chains.
Action Required
Invest in improved processing, packaging, or supply chain infrastructure and apply for Performance Grants based on investment categories.
Fisheries Cooperatives, FFPOs, and SHGsImpact
These organizations receive significant financial support (up to ₹200 lakhs) to build institutional capacity and develop business plans.
Action Required
Formulate business development plans and apply for Performance Grants to strengthen market linkages and member services.
Key Entities Referenced
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY): A Central Sector Sub-scheme focused on formalizing the unorganized fisheries sector, facilitating institutional finance, and providing insurance incentives and performance grants.
Pradhan Mantri Matsya Sampada Yojana (PMMSY): The parent umbrella scheme under which PM-MKSSY is implemented as a sub-scheme for fisheries sector development.
National Fisheries Digital Platform (NFDP): A digital infrastructure launched under PM-MKSSY to provide work-based digital identities for fish workers and facilitate digital service delivery.
Ministry of Fisheries, Animal Husbandry & Dairying: The primary government body implementing the PM-MKSSY through its Department of Fisheries.
Shri Rajiv Ranjan Singh alias Lalan Singh: The Union Minister of Fisheries, Animal Husbandry and Dairying who provided the official policy details in the Rajya Sabha.
Ministry of Fisheries, Animal Husbandry & Dairying
SALIENT FEATURE OF PM-MKSSY
प्रव तथ: 12 AUG 2026 1:32PM by PIB Delhi
The Department of Fisheries, Ministry of Fisheries Animal Husbandry and Dairying has been implementing a
Central Sector Sub-scheme namely the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)
under the ongoing Pradhan Mantri Matsya Sampada Yojana (PMMSY) for a period of four years from FY
2023-24 to FY 2026-27 at an estimated outlay of Rs.6000 crore. The National Fisheries Digital Platform
(NFDP) was launched under PM-MKSSY on 11.09.2024 to extend digital services. The salient features of the
sub-scheme are (i) Gradual formalization of the unorganized fisheries sector including creation of work based
digital identities of fish workers for improved service delivery, (ii) Facilitating greater access to institutional
finance including working capital in order to enable the fish farmers, fishers and micro and small enterprises
to reduce their capital cost and to expand their operations (iii) Strengthening fisheries cooperatives by
enhancing their institutional capacity, improving market access, facilitating access to finance, and business
development plans and need based support (iv) Providing one-time incentive to the fish farmers for purchase
of aquaculture insurance, (v) Incentivizing fisheries and aquaculture microenterprises to improve value-chain
efficiencies and to create and maintain jobs through performance grants, (vi) Incentivizing micro and small
enterprises in the fisheries sector to establish supply chains of safe fish and fishery products including
creation and maintenance of jobs through performance grants.
The PM-MKSSY under its component 1-B provides for one-time incentive for purchase of aquaculture
insurance by farmers. The one-time incentive for aquaculture insurance is provided at the rate of 40% of the
premium paid with a ceiling up to ₹25,000 per hectare, or ₹1 lakh per farmer for 4 hectares Water Spread
Area (WSA). For the aquaculture system including intensive systems like farms, cage culture, RAS, bio-floc,
and raceways etc. the incentive is provided at the rate of 40% of the premium paid with a ceiling up to ₹1
lakh per farmer for 1800 m3. Further, the SC/ST and women beneficiaries get an additional 10% of incentive
given to the general category.
The PM-MKSSY promotes environmentally sustainable and climate-resilient fisheries and aquaculture by
incentivizing projects adopting decarbonization, improved energy and water-use efficiency, use of renewable
energy, climate-smart technologies, improved hygiene and waste/pollution management, reduction of
greenhouse gas emissions, sustainable production practices, and Better Management Practices including
disease management, waste management, quality and safety standards, certification, traceability etc..
The PM-MKSSY supports for improvement of fisheries value-chain efficiencies and establishment of supply
chains of safe fish products to consumers under Components 2 and 3 through Performance Grant for
Microenterprises at the rate of 25% of the total investment or Rs.35 lakhs, whichever is lower, for General
Category and 35% of total investment or Rs.45 lakhs, whichever is lower, for SC, ST and Women owned
microenterprises. In addition, Performance Grant for Village Level Organizations and Federations of SHGs,
FFPOs and Cooperatives shall not exceed 35% of total investment or Rs.200 lakhs, whichever is lower.
Within the limit of the Performance Grant, the PM-MKSSY provides an amount of Rs.10,000 and Rs.15,000
per year for creation and maintenance of jobs for men and woman respectively subject to the limit of 50% of
total eligible Performance Grant. In addition, the PM-MKSSY, inter alia, promotes Indian seafood exportsthrough support for quality and sustainable aquaculture, value addition, certification, traceability, disease
surveillance, and modern post-harvest and cold-chain infrastructure, food safety and quality assurance with a
view to enhancing global competitiveness and value realisation. The scheme also supports fisheries micro
and small enterprises for adoption of improved technologies, processing, packaging, and market linkages
across the fisheries value chain.
Further, the PM-MKSSY is a demand-driven Sub-Scheme and implemented in all the States/UTs including
Andhra Pradesh. There are no district-specific interventions or district-wise or State-wise employment targets
including in Nellore district of Andhra Pradesh. However, the scheme aims to generate 1.70 lakh jobs.
This Information was given by Fisheries, Animal Husbandry and Dairying Minister Shri Rajiv Ranjan
Singh alias Lalan Singh in the Rajya Sabha in response to a question asked.
JP
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