About Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana:
- It is a Central Sector Sub-scheme under the Pradhan Mantri Matsya Sampada Yojana.
- It focuses on formalization of the fisheries sector and supporting fisheries micro and small enterprises.
- Time Period: It is implemented for 4 years from FY 2023-24 to FY 2026-27 across all the States and UTs.
- Objectives:
- Gradual Formalization of the unorganized fisheries sector
- Facilitating access to institutional financing fisheries sector micro and small enterprises
- Providing one-time incentive to beneficiaries for purchasing aquaculture insurance.
- lncentivizing fisheries and aquaculture microenterprises through performance grants
- Incentivising adoption and expansion of fish and fishery product safety and quality assurance systems
- Intended Beneficiaries:
- Fishers, Fish (Aquaculture) Farmers, Fish workers, Fish Vendors or such other person directly engaged in fisheries value chain.
- Micro and Small enterprises Cooperatives, Federations Self Help Groups (SHGs), Fish Farmers Producer Organizations (FFPOs) etc.
- FFPOs also include Farmers Producer Organizations (FPOs).
- Any other beneficiaries that may be included by the Department of Fisheries as targeted beneficiaries.
Implementation strategy of Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana:
- Component 1-A: Formalization of fisheries sector
- A National Fisheries Digital Platform (NFDP) is created and all the stakeholders will be mobilized to register on it.
- It serves multiple functions including disbursement of financial incentives. It is also undertake activities such as training and extension support, improving financial literacy.
- Component 1-B: Facilitating adoption of aquaculture insurance:
- It facilitates creation of appropriate insurance product and to cover at least 1 lakh hectare of aquaculture farms during project period to provide the scale of operation.
- SC, ST and Women beneficiaries are provided an additional incentive @ 10% of the incentive payable for General Categories.
- Component 2: Supporting microenterprises to improve fisheries sector value chain efficiencies:
- Component 3: Adoption and expansion of fish and fishery product safety and quality assurance systems:
- Component 4: Project management, monitoring and reporting:
- The Project Management Units (PMUs) were set up to manage, implement, monitor and evaluate project activities.
