Access formal credit, insurance incentives, and digital support for fisheries microenterprises.
Last updated on: January 16, 2026
The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) is a vital Central Sector Sub-scheme under the flagship PMMSY.
The scheme aims to raise incomes, strengthen the fisheries value chain, and push digital governance through the National Fisheries Digital Platform (NFDP). The scheme is designed to reduce compliance costs, improve access to formal credit, and support better market integration for fisheries enterprises.
The scheme has a budgetary allocation of ₹6,000 Crore and is scheduled to run until FY 2026–27 under the PMMSY framework.
The PM-MKSSY provides crucial financial and structural support. This includes incentives, grants, and digital formalisation. The following are the details:
| Parameter | Details |
|---|---|
Scheme Type |
Central Sector Sub-Scheme
|
Parent Scheme |
Pradhan Mantri Matsya Sampada Yojana (PMMSY)
|
Implementing Ministry |
Department of Fisheries, Government of India |
Objective |
Formalisation, digital integration, and capacity building of fisheries microenterprises
|
Target Beneficiaries |
Fishers, fish farmers, fish vendors, processors, SHGs, and FPOs
|
Mode of Support |
Grants, insurance incentives, digital services, and capacity-building training |
Digital Platform |
National Fisheries Digital Platform (NFDP) |
The PM-MKSSY offers distinct financial and structural support. These components are designed to support enterprise development within the fisheries value chain.
You benefit from two core financial components. These are one-time insurance incentives and performance-based grants for micro and small enterprises (MSEs). These target your security and your business growth.
These features establish legitimacy and improve your long-term operational framework.
The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana strengthens your business foundation.
You must meet the following criteria to qualify for the PM-MKSSY benefits.
Keep these essential documents ready to apply for the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana efficiently.
| Document Category | Specific Document Details |
|---|---|
Identity Proof |
Aadhaar Card, PAN Card (of the individual or enterprise principals). |
Banking Details |
Bank account details (passbook/cancelled cheque) for Direct Benefit Transfer (DBT). |
Enterprise Proof |
Business registration certificate (e.g., Udyam Registration, Partnership Deed, MOA). |
Project/Activity |
Detailed Project Report (DPR) or Activity Plan (Mandatory for Performance Grants). |
Land/Water Body |
Lease agreement, ownership documents, or NOC for the farming area. |
Insurance Proof |
Valid Aquaculture Insurance Policy (for the one-time incentive claim). |
Business-related Records |
Compliance and formalisation checks |
NFDP Registration ID |
Scheme onboarding |
Follow these steps for a smooth application:
Visit the NFDP platform: https://nfdb.gov.in
Create your digital profile on the portal
Register your fisheries activity under the microenterprise category
Upload all required documents in the prescribed format
Submit your application for review
Track your status through the NFDP dashboard
Receive verified support directly in your bank account
Here is a list of other government schemes that support fisheries, aquaculture, and allied sector development across India.
| Scheme Name | Focus Area |
|---|---|
PM Matsya Sampada Yojana (PMMSY) |
Fisheries infrastructure and production |
Kisan Credit Card (KCC) for Fishers |
Working capital credit |
Fisheries and Aquaculture Infrastructure Development Fund (FIDF) |
Infrastructure financing |
National Fisheries Development Board (NFDB) Capacity Building Programs |
Training and skill development |
Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) |
Formalisation of food processing units |
The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana strengthens your fisheries enterprise through formalisation and insurance support. This digital identity establishes the professional credibility needed to apply for a business loan and facilitates smoother access to formal financial services. Once you are registered and compliant, you become part of India’s formal credit ecosystem.
Bajaj Markets helps you explore financial solutions that match your stage of growth - from working capital tools to micro-enterprise financing options offered by trusted partners. Using PM-MKSSY benefits to formalise your business, you open doors to structured finance and long-term sustainability.
Reviewer
The PM-MKSSY (Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana) is a Central Sector Sub-scheme. Its goal is to formalise the unorganised fisheries sector. You get help with formalisation, compliance, and capacity building.
No, the Pradhan Mantri Matsya Sampada Yojana (PMMSY) is not closed. It is an ongoing scheme. The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana is a sub-scheme running within the PMMSY framework. PMMSY remains the major initiative for the fisheries sector.
Yes, financial assistance is provided. The assistance comes as a non-repayable one-time incentive for insurance purchase. Non-repayable performance grants are also available. These are earned by achieving specific performance targets like quality standards or job creation.
Funds are sent through direct benefit transfer to your verified bank account.
The NFDP is the central online portal. Its primary role is to formalise the sector. It gives you a work-based digital identity. This registration is a prerequisite. You must register on the NFDP to access the full benefits of the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana.
Yes, certain individuals can apply. Fishers, fish farmers, and fish vendors are eligible. They can specifically claim the one-time incentive for aquaculture insurance. However, the performance grant component is strictly reserved for registered micro and small enterprises.
Yes, you must submit a project report. This is required when applying for the performance grant component. The plan must detail your proposed use of funds. It should show how you will adopt and expand quality assurance systems in your business.
The scheme was launched to address inherent sector weaknesses. These include poor institutional credit access and a lack of insurance. It helps formalise unorganised workers. It also encourages MSEs to adopt safety and quality standards. This improves the overall value chain competitiveness.