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

Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) mind map
Recent News
Approved by Union Cabinet
Announced in February 2024
When
2023-24 to 2026-27
Why
Address challenges in fisheries sector
Informal nature
Lack of crop risk mitigation
Poor access to credit
Sub-optimal safety and quality
What
Total outlay
Rs. 6,000 crore
Funding model
50% public finance
Including World Bank, AFD financing
50% private sector/beneficiaries
Implementation
Across all States and Union Territories
Intended Beneficiaries
Fishers, Fish Farmers, Fish Workers
Micro and Small enterprises
Proprietary Firms, Partnership Firms, Companies
Societies, LLPs, Cooperatives, Federations
Village Level Organizations
Self Help Groups, FFPOs, Startups
Where
All States and Union Territories
Who
Government of India
Ministry of Fisheries, Animal Husbandry & Dairying
How
Formalization of fisheries sector
Access to institutional financing
Aquaculture insurance
Performance grants
National Fisheries Digital Platform
Significance
Boost income in fishery sector
Formalize unorganized sector
Improve value chain efficiency
Enhance fish quality and safety
Create employment opportunities
1.7 lakh new jobs
Emphasis on employing women
Challenges
Transition from subsidies to incentives
Implementing digital platform
Formalizing unorganized sector
Way Forward
Emphasize sustainable practices
Encourage women's empowerment
Expand market and business opportunities

The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) is an initiative by the Indian government, aimed at transforming and formalizing the fisheries sector. Launched with an outlay of Rs. 6,000 crores, it focuses on supporting fisheries micro and small enterprises. The scheme targets a range of beneficiaries including fishers, aquaculture farmers, and related micro-enterprises. It aims to address sectoral challenges like informal operations, risk mitigation, and access to credit. A key feature is the implementation of a National Fisheries Digital Platform to streamline processes. The PM-MKSSY is significant for its potential to boost income, formalize the sector, improve value chain efficiencies, and create numerous job opportunities, particularly for women.

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