Animal Husbandry, Dairy & Fisheries Sector – Pashudhan Sanjivani, E- Pashudhan Haat, etc

PM Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) launched

Schemes | Economics | Mains Paper 3: Economics Of Animal-Rearing

Note4Students

From UPSC perspective, the following things are important :

Prelims level: PM-MKSSY details

Mains level: NA

Introduction

The Union Cabinet has approved the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a sub scheme under the Pradhan Mantri Matsya Sampada Yojana, for the micro and small enterprises operating in the fisheries sector.

About Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana

	Details
Total Investment	Rs. 6,000 crores
Duration	4 years (FY 2023-24 to FY 2026-27)
Funding Model	50% public finance (Rs. 3,000 crore, including World Bank and AFD financing) + 50% from beneficiaries/private sector (Rs. 3,000 crore)
Implementation Scope	All States and Union Territories in India
Target Beneficiaries	Fishers, aquaculture farmers, fish workers, vendors Micro and small enterprises, SHGs, FFPOs, startups in fisheries and aquaculture
Employment Generation	1.7 lakh new jobs Special emphasis on employing 75,000 women
Major Components	Formalization of fisheries sector Adoption of aquaculture insurance Support for microenterprises Adoption and expansion of safety and quality assurance systems
Digital Platform	National Fisheries Digital Platform for 40 lakh small and micro-enterprises
Insurance Incentive	One-time incentive for purchasing aquaculture insurance, covering at least 1 lakh hectare of aquaculture farms
Performance Grants	Microenterprise grants up to 25% of total investment or Rs.35 lakhs (whichever is lower) for general category Up to 35% or Rs.45 lakhs for SC, ST, and women-owned enterprises Village Level Organizations and Federations grants up to 35% of total investment or Rs.200 lakhs
Project Management	Establishment of Project Management Units (PMUs)
Background Achievements	Fish production increased by 79.66 lakh tonnes Shrimp production from 3.22 lakh tonnes to 11.84 lakh tonnes Shrimp exports from Rs.19,368 crore to Rs.43,135 crore Employment and livelihood opportunities for about 63 lakh fishers and fish farmers
Challenges Addressed	Formalization of the informal sector Crop risk mitigation Access to institutional credit Safety & quality of fish sold by micro & small enterprises

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