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

Context: Karaikal, Puducherry, is in the news as it will soon get its first state-of-the-art fisheries processing cluster under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).

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

Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) is a Central Sector Sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), spanning FY 2023-24 to FY 2026-27 with a total budget of ₹6,000 crore.

Funding Structure

• Total estimated outlay: ₹6,000 crore, divided as follows:
  • ₹3,000 crore (public financing)—comprising ₹1,125 crore from the World Bank, ₹375 crore from the Agence Française de Développement (AFD), plus ₹1,500 crore as GoI counterpart funding.
  • ₹3,000 crore expected from beneficiary investments and private sector leverage.

Duration & Coverage

• Duration: Four years, FY 2023-24 to FY 2026-27.
• Applicable nationwide, across all States and Union Territories.

Beneficiaries

• Fishers, aquaculture (fish) farmers, fish workers, fish vendors, and others are directly involved in the fisheries value chain.
• Micro and Small Enterprises (MSEs): including proprietary firms, partnerships, companies, societies, LLPs, cooperatives, SHGs, FFPOs, and startups related to fisheries/aquaculture.

Key Objectives

• Formalisation of the unorganised fisheries sector via the creation of work-based digital identities for fishers and enterprises through the National Fisheries Digital Platform (NFDP).
• Facilitating access to institutional credit for small microenterprises, enabling them to benefit from government lending schemes like KCC and Mudra.
• Providing one-time incentives to aquaculture farmers for purchasing insurance, thereby mitigating risks.
• Performance-linked grants to:
  • Improve value chain efficiency and create jobs across fisheries microenterprises.
  • Enhance the safety and quality assurance of fish and fish products.

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