Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana
Shown as running by: PM-MKSSY brochure, Department of Fisheries (undated, Introduction (period FY 2023-24 to FY 2026-27))
A fisheries sub-scheme of PMMSY: a one-time incentive of 40% of the premium when a fish farmer buys aquaculture insurance, and performance grants for fisheries micro-enterprises, SHGs, fish farmer producer organizations and cooperatives that invest and create jobs.
- Lead benefit
- 40%of the cost, at most
- Components
- 4each read from the document
- Who can apply
- 11kinds of applicant
- Closing date
- Noneapply any time
What it pays
40% of the premium you pay for aquaculture insurance for one crop cycle, at most ₹25,000 per hectare of water area and ₹1 lakh in all, for farms of up to 4 hectares.
What the document says, word for word
Paid once, for one crop cycle only. For cage culture, RAS, biofloc, raceways and similar intensive units the incentive is 40% of the premium up to ₹1 lakh, for units up to 1,800 m³. SC, ST and women get an additional 10% of the incentive payable to general category.
“1-B Incentivising aquaculture insurance — ‘Onetime incentive’ through NFDP will be provided in following manner: At the rate of 40% of the cost of premium subject to a limit of ₹ 25,000 per hectare of water spread area of the aquaculture farm. Maximum incentive payable to single farmer will be ₹ 1 lakh and maximum farm size eligible for incentive is 4 hectares of water spread area.”A performance grant of up to 25% of the investment, at most ₹35 lakh, for a fisheries micro-enterprise in the general category.
What the document says, word for word
Paid as a performance grant: part for each job created and kept (₹15,000 a year per woman, ₹10,000 per man, up to half the grant) and part after the investment is complete (up to half the grant).
“Performance Grant for a Micro enterprise shall not exceed 25% of the total investment or ₹ 35 lakhs, whichever is lower, for General Category”A performance grant of up to 35% of the investment, at most ₹45 lakh, for a fisheries micro-enterprise owned by SC, ST or women.
What the document says, word for word
Paid as a performance grant: part for each job created and kept (₹15,000 a year per woman, ₹10,000 per man, up to half the grant) and part after the investment is complete (up to half the grant).
“35% of total investment or ₹ 45 lakhs, whichever is lower, for SC, ST and Women owned microenterprises.”A performance grant of up to 35% of the investment, at most ₹2 crore, for village organizations and federations of SHGs, fish farmer producer organizations and cooperatives.
What the document says, word for word
Paid as a performance grant: part for each job created and kept (₹15,000 a year per woman, ₹10,000 per man, up to half the grant) and part after the investment is complete (up to half the grant).
“Performance Grant for Village Level Organizations and Federations of SHGs, FFPOs and Cooperatives shall not exceed 35% of total investment or ₹ 200 lakhs, whichever is lower.”How much can I claim?
Your rate 40% of the eligible cost
The incentive is also capped at ₹25,000 per hectare of water spread area, which depends on your farm size, so we show the rate only.
Who can apply
- Other farmer
- Small or marginal farmer
- SC farmer
- ST farmer
- Woman farmer
- Tenant or sharecropper
- Agri entrepreneur
- Agri startup
- Self-help group
- FPO
- Cooperative
Papers you need
How to apply
- Register on the National Fisheries Digital Platform (NFDP); loan and insurance applications and incentive payments go through it (Component 1-A).
- For the insurance incentive, buy an aquaculture insurance policy for one crop cycle; the one-time incentive is paid through NFDP (Component 1-B).
- For a performance grant, the enterprise makes the investment and creates jobs first; the grant is paid against jobs kept and investment completed (Components 2 and 3).
Applying is free. Never pay anyone to apply for you.
When to apply
The guidelines set no closing date.
Combining with other schemes
The documents do not say whether this can be combined with other schemes. Ask the implementing office before you count on both.