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

• The Centre recently approved the “Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)”.
• The Cabinet also approved extension of Fisheries and Aquaculture Infrastructure Development Fund (FIDF) for another three years up to 2025-26.

ABOUT PRADHAN MANTRI MATSYA KISAN SAMRIDHI SAH YOJANA

• The PM-MKSSY is a central sector sub-scheme under the Pradhan Mantri Matsya Sampada for formalisation of the fisheries sector and supporting fisheries micro and small enterprises.
• Under PM-MKSSY, an investment of over Rs 6,000 crore will be done over a period of next four years from financial year 2023-24 to 2026-27 in all States/Union Territories.
• Under this initiative, a National Fisheries Digital Platform will be created to provide 40 lakh small and micro-enterprises work-based identities.
• Aims and objectives of PM-MKSSY
  • Gradual Formalization of the unorganized fisheries sector through self registration of fishers, fish farmers and supportive workers under a National Fisheries Sector Digital Platform including creation of work based digital identifies of fish workers for improved service delivery.
  • Facilitating access to institutional financing fisheries sector micro and small enterprises.
  • Providing one-time incentive to beneficiaries for purchasing aquaculture insurance.
  • lncentivizing fisheries and aquaculture microenterprises through performance grants for improving fisheries sector value-chain efficiencies including creation and maintenance of jobs.
  • Incentivising micro and small enterprises through performance grants for adoption and expansion of fish and fishery product safety and quality assurance systems including creation and maintenance of jobs.