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

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


From UPSC perspective, the following things are important :

Prelims level : PM-MKSSY details

Mains level : NA


  • 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

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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