The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) is a Rs 6,000 crore Central Sector sub-scheme under PMMSY, running from 2023-24 to 2026-27, that formalises India’s fisheries sector – by registering fishers and fish farmers on the National Fisheries Digital Platform, insuring aquaculture, and rewarding micro-enterprises that improve value chains and safety – in a country that is now the world’s second-largest fish producer.
Context
- The Department of Fisheries celebrated the 80th Independence Day in New Delhi with fishers and fish farmers from across the country, under the themes 150 Years of Vande Mataram and Yuva Shakti for Viksit Bharat@2047.
- The event showcased a decade of investment: the Blue Revolution scheme, FIDF, PMMSY and its sub-scheme PM-MKSSY.
India's Position in Global Fisheries
India’s marine fisheries sector witnessed a major transformation in 2025!Tap to play · from the C4S channel
- Fish production: second-largest in the world, about 8% of global output; total production of about 184 lakh tonnes in 2023-24.
- Aquaculture: second-largest producer; shrimp: the largest producer and exporter; seafood exports of about Rs 60,500 crore in 2023-24.
- Fisheries support the livelihoods of about 3 crore people and grow faster than any other agricultural sub-sector.
A clean PDF of this page with the C4S header — it opens right away, and the link comes to your WhatsApp too.
PM-MKSSY: What It Is
- Approved: by the Cabinet in February 2024; outlay Rs 6,000 crore – about half public funds, including World Bank and AFD (France) financing, and half from beneficiaries and private investment.
- Period: FY 2023-24 to FY 2026-27; implementing department: Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying.
- Who it targets: fishers, fish farmers, fish workers and vendors, micro and small fisheries enterprises, FPOs, cooperatives and self-help groups.
The Four Components
Free live session
NABARD Grade A 2026: 45-Day Final Revision Plan + Daily Targets
🔒 Register to watchLast Sunday’s session · recording8 of the top 10 in NABARD Grade A 2025, Rank 1 included, and Rank 1 back to back before that in 2021 and 2022: all prepared with C4S. Watch last Sunday's session on the 45-day final revision plan now, then join the next one live on Zoom.
Today · 7:30 PM IST · 75 minutes · free
- Formalisation: a National Fisheries Digital Platform (NFDP) giving work-based digital identities to about 40 lakh fishers and workers, opening access to institutional credit and welfare.
- Aquaculture insurance: premium support for fish farmers to insure ponds and cages against disease and disaster.
- Value-chain efficiency: performance grants for micro and small enterprises that adopt cold chains, quality practices and market linkages – with a target of about 6.4 lakh micro-enterprises and 5,500 cooperatives.
- Safety and quality assurance: traceability, testing and certification systems for domestic and export markets.
The Schemes Around It
- Blue Revolution (2015-16 to 2019-20): the earlier umbrella scheme for fisheries development.
- FIDF (2018): the Rs 7,522 crore Fisheries and Aquaculture Infrastructure Development Fund giving concessional finance for harbours, cold chains, fish markets and aquaculture infrastructure, with NABARD as a nodal lender.
- PMMSY (2020): the Rs 20,050 crore flagship scheme for production, infrastructure, exports and jobs, of which PM-MKSSY is the formalisation arm.
Important Facts for Examsmost asked
- PM-MKSSY: Cabinet approval February 2024; outlay Rs 6,000 crore; 2023-24 to 2026-27; sub-scheme of PMMSY; Central Sector.
- Four components: formalisation through NFDP, aquaculture insurance, value-chain performance grants, safety and quality.
- India: second in fish production (8% of world), second in aquaculture, first in shrimp production and export.
- FIDF: Rs 7,522 crore (2018); PMMSY: Rs 20,050 crore (2020); Blue Revolution: 2015-20.
- National Fish Farmers Day: 10 July; World Fisheries Day: 21 November.
FAQs
Why formalise the fisheries sector?
Most fishers and fish workers have no registration, so they cannot get bank credit, insurance or welfare; a digital identity on the NFDP fixes that.
What is the World Bank’s role?
The World Bank and the French agency AFD co-finance the public share of PM-MKSSY, which is why it has result-linked performance grants.
Why is PM-MKSSY asked in NABARD Grade A?
Fisheries is part of the ARD syllabus and NABARD lends under FIDF; the outlay, period, components and India’s global ranks are the standard questions.
