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Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) - Coggle…
Pradhan Mantri Matsya Kisan
Samridhi Sah-Yojana (PM-MKSSY)
Overview
Funding Model: 50% public finance (Rs. 3,000 crore, including World Bank and AFD financing) + 50% from beneficiaries/private sector (Rs. 3,000 crore)
Duration: 4 years (FY 2023-24 to FY 2026-27)
Implementation Scope: All States and Union Territories in India
Total Investment: Rs. 6,000 crores
Target
Beneficiaries
Micro and small enterprises, SHGs, FFPOs, startups in fisheries and aquaculture
Fishers, aquaculture farmers, fish workers, vendors
1.7 lakh new jobs
Special emphasis on employing 75,000 women
Major
Components
Support for microenterprises
Adoption of aquaculture insurance
Adoption and expansion of safety and quality assurance systems
Formalization of fisheries sector
Other Features
One-time incentive for purchasing aquaculture insurance, covering at least 1 lakh hectare of aquaculture farms
Establishment of Project Management Units (PMUs)
National Fisheries Digital Platform for 40 lakh small and micro-enterprises
Background
Achievements
Shrimp exports from Rs.19,368 crore to Rs.43,135 crore
Shrimp production from 3.22 lakh tonnes to 11.84 lakh tonnes
Employment and livelihood opportunities for about 63 lakh fishers and fish farmers
Fish production increased by 79.66 lakh tonnes
Challenges
Addressed
Access to institutional credit
Crop risk mitigation
Safety & quality of fish sold by micro & small enterprises
Formalization of the informal sector