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Pradhan Mantri Matsya Kisan Samridhi Sahay Yojana (PM-MKSSY)

Why is it in the news?

  • The Union Cabinet approved the Pradhan Mantri Matsya Kisan Samridhi Sahay Yojana (PM-MKSSY) as a component under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).


  • The scheme operates from FY 2023-24 to FY 2026-27 and covers all States and Union Territories of India.
  • The total outlay for PM-MKSSY is 6,000 crores. The funding structure involves 50% from public finance, including contributions from entities like the World Bank and the Agence Fran莽aise de D茅veloppement (AFD) of France. The remaining 50% is expected to be invested by beneficiaries and the private sector through leverage.
  • Intended beneficiaries include Fishers; Fish (Aquaculture) Farmers; Fish workers; Fish Vendors; Limited Liability Partnerships (LLPs); Cooperatives; Federations; and Village Level Organizations such as Self-Help Groups (SHGs) and Fish Farmers Producer Organizations (FFPOs).

Components (Implementation Strategy):

  • Formalization of Fisheries Sector: The scheme aims to formalize the fisheries sector and facilitate access to fisheries microenterprises. A National Fisheries Digital Platform (NFDP) will be established for this purpose.
  • Facilitating Adoption of Aquaculture Insurance: Measures will be taken to promote the adoption of aquaculture insurance among stakeholders.
  • Supporting Microenterprises: Assistance will be provided to improve fisheries sector value chain efficiencies, particularly for microenterprises.
  • Adoption and Expansion of Safety and Quality Assurance Systems: Efforts will be made to enhance the adoption and expansion of fish and fishery product safety and quality assurance systems.
  • Project Management, Monitoring, and Reporting: The scheme proposes to establish Project Management Units (PMUs) to oversee project management, monitoring, and reporting activities.


Fisheries Sector of India

路聽聽聽聽聽聽 India holds a significant position in the global fisheries sector, ranking as the 3rd largest fish-producing and 2nd largest aquaculture-producing nation.

路聽聽聽聽聽聽 Furthermore, India’s standing as the 4th largest exporter of fish and fisheries products underscores its role in the international market. The notable growth in exports between FY 2021-22 and FY 2022-23, at a rate of 26.73%, reflects the increasing demand for Indian seafood products globally.

路聽聽聽聽聽聽 Employment within the fisheries sector is substantial, providing livelihoods for over 30 million people across the country.

路聽聽聽聽聽聽 The Department of Fisheries, operating under the Ministry of Fisheries, Animal Husbandry and Dairying, oversees the implementation of various schemes and initiatives aimed at fostering sustainable and responsible development within the fisheries sector. Among these initiatives, the flagship scheme “Pradhan Mantri Matsya Sampada Yojana (PMMSY)” stands out as a key driver for the sector’s growth and modernization.

Challenges of the Fisheries Sector in India

路聽聽聽聽聽聽 The overexploitation of fish stocks due to excessive fishing pressure poses a significant challenge to the sustainability of the fisheries sector.

路聽聽聽聽聽聽 Illegal, Unreported and Unregulated (IUU) fishing activities undermine efforts to manage and conserve fish stocks, leading to depletion and imbalance within ecosystems.

路聽聽聽聽聽聽 Inadequate infrastructure, including storage and transportation facilities, hampers the efficiency of the fisheries supply chain.

路聽聽聽聽聽聽 Weak enforcement of regulations, coupled with limited data on fish stocks, impedes effective fisheries management.

路聽聽聽聽聽聽 Pollution from industrial activities, coastal development, and agricultural runoff poses a threat to marine and freshwater habitats.

路聽聽聽聽聽聽 Climate change-induced phenomena such as rising sea temperatures, ocean acidification, and extreme weather events disrupt fish populations and fisheries ecosystems.

路聽聽聽聽聽聽 Poverty, lack of alternative livelihood options, and unequal distribution of resources contribute to the vulnerability of fishing communities.

Government Initiatives for the Growth of the Sector

路聽聽聽聽聽聽 NFDB (National Fisheries Development Board): Established in 2006, it plans and promotes fisheries development in India, implementing schemes to enhance fish production and support fishers/farmers.

路聽聽聽聽聽聽 PMMSY (Pradhan Mantri Matsya Sampada Yojana): Launched in 2020, it focuses on boosting fish production and doubling farmers鈥 income by modernizing infrastructure, promoting sustainable practices, and improving post-harvest management.

路聽聽聽聽聽聽 Blue Revolution: Started in 2015, it aims at sustainable fisheries development by increasing fish production through modern technologies, infrastructure enhancement, entrepreneurship promotion, and governance strengthening.

路聽聽聽聽聽聽 Sagarmala Programme: Introduced in 2015, it fosters port-led development and supports the maritime sector by developing fishing harbours, cold chain infrastructure, and fish processing facilities.

路聽聽聽聽聽聽 National Fisheries Policy (2020): Provides a comprehensive framework for sustainable fisheries development, emphasizing responsible management, biodiversity conservation, increased production, and socio-economic upliftment.

路聽聽聽聽聽聽 FFDAs (Fish Farmers Development Agencies): Operational at the district level, they offer technical guidance, training, and extension services to fish farmers, facilitating access to credit, inputs, and promoting entrepreneurship.

路聽聽聽聽聽聽 CAA (Coastal Aquaculture Authority): Regulates and promotes sustainable coastal aquaculture, formulating guidelines for shrimp farming, monitoring land use, and ensuring compliance with environmental norms to protect coastal ecosystems.

Top of Form

Way Forward

路聽聽聽聽聽聽 Collaboration among government agencies, fishery stakeholders, civil society, and the private sector is crucial to tackle challenges in the fisheries sector effectively.

路聽聽聽聽聽聽 To ensure the long-term viability of India’s fisheries sector, it’s essential to implement sustainable management practices, invest in infrastructure and technology, strengthen governance, promote community-based approaches, and address the impacts of climate change.

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