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Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana
IN NEWS
RELEVANCE – NABARD GRADE A
EXPECTED QUESTION…..
How does the Pradhan Mantri Matsya Kisan Samridhi
Sahay Yojana (PM-MKSSY) contribute to the
enhancement of the blue economy in India?

400 WORDS 10 MARKS

LET’S BREAK IT DOWN…..
How does the Pradhan Mantri Matsya Kisan Samridhi Sahay Yojana (PM-
MKSSY) contribute to the enhancement of the blue economy in India?

400 WORDS 10 MARKS

1. INTRODUCTION: What is PM-KSSY + Brief Overview
2. BODY PART-1: Significance
3. CONCLUSION: Summary
LET’S BREAK IT DOWN…..
How does the Pradhan Mantri Matsya Kisan Samridhi Sahay Yojana (PM-
MKSSY) contribute to the enhancement of the blue economy in India?

400 WORDS 10 MARKS

1. INTRODUCTION: What is PM-KSSY + Brief Overview
2. BODY PART-1: Significance
3. CONCLUSION: Summary
1. INTRODUCTION
❑ The PM-MKSSY is a central sector sub-scheme under the Pradhan Mantri Matsya
Sampada for formalization of the fisheries sector.
❑ Ministry of Fisheries, Animal Husbandry and Dairying
❑ Objectives:
• Gradual formalization of the unorganized fisheries sector.
• Facilitating institutional finance to fisheries sector micro and small enterprises.
• Providing a one-time incentive to beneficiaries for purchasing aquaculture
insurance.
❑ India is among the top 5 fish exporting countries in the world and this scheme
aims to play crucial role in the development of the blue economy.
IMPLEMENTATION STRATEGY
❑ Component 1-A: Formalization of the fisheries sector and facilitating access of fisheries microenterprises to GOI
programs for the financing of working capital.
• National Fisheries Digital Platform (NFDP) will be created, and all the stakeholders will be mobilized to register
on it.
• The NFDP will serve multiple functions including disbursement of financial incentives.
❑ Component 1-B: Facilitating the adoption of aquaculture insurance: It is proposed to facilitate the creation of
appropriate insurance products and to cover at least 1 lakh hectares of aquaculture farms.
❑ Component-2: Supporting microenterprises to improve fisheries sector value chain efficiencies.
❑ Component-3: Facilitating Adoption and expansion of fish and fishery product safety and quality assurance
systems.
❑ Component-4: Project management, monitoring, and reporting: It is proposed to set up Project Management Units
(PMUs) to manage, implement, monitor, and evaluate project activities.
LET’S DELVE DEEPER!
LET’S BREAK IT DOWN…..
How does the Pradhan Mantri Matsya Kisan Samridhi Sahay Yojana (PM-
MKSSY) contribute to the enhancement of the blue economy in India?

400 WORDS 10 MARKS

1. INTRODUCTION: What is PM-KSSY + Brief Overview
2. BODY: Significance
3. CONCLUSION: Summary
BODY : SIGNIFICANCE

1. Formalization of the Fisheries Sector

2. National Fisheries Digital Platform • By formalizing the fisheries sector, PM-MKSSY aims to support 6.4
3. Focus on Improving Value Chain lakh micro-enterprises and 5,500 fisheries cooperatives. This
Efficiency formalization process involves providing them access to
institutional credit, which can help them expand their operations,
4. Job Creation
invest in modern equipment, and improve productivity.
5. Facilitate Ease of Doing Business
6. Increase Incomes and Enhance Export
Competitiveness
BODY : SIGNIFICANCE
• The establishment of the National Fisheries Digital Platform is
expected to provide work-based identities to approximately 40
1. Formalization of the Fisheries Sector lakh small and micro-enterprises in the fisheries sector. This
digital platform will streamline processes, facilitate access to
2. National Fisheries Digital Platform
government schemes and services, and enable better
3. Focus on Improving Value Chain coordination among stakeholders.
Efficiency
4. Job Creation
5. Facilitate Ease of Doing Business
6. Increase Incomes and Enhance Export
Competitiveness
BODY : SIGNIFICANCE
• PM-MKSSY focuses on enhancing value chain efficiency and ensuring
the production of safe, high-quality fish products.
• It intends to support around 55,000 targeted micro and small
enterprises by providing them with technical assistance, training, and
1. Formalization of the Fisheries access to modern technologies and best practices.
Sector
2. National Fisheries Digital Platform
3. Focus on Improving Value Chain
Efficiency
4. Job Creation
5. Facilitate Ease of Doing Business
6. Increase Incomes and Enhance
Export Competitiveness
BODY : SIGNIFICANCE
1. Formalization of the Fisheries
Sector
2. National Fisheries Digital Platform
3. Focus on Improving Value Chain
Efficiency
4. Job Creation
5. Facilitate Ease of Doing Business
6. Increase Incomes and Enhance
Export Competitiveness
• Creation of New Jobs: The scheme is projected to create
approximately 1.7 lakh new jobs in the fisheries sector. This includes a
special emphasis on employing 75,000 women, thereby promoting
gender inclusivity and economic empowerment.
• Continued Employment Opportunities: Additionally, PM-MKSSY aims
to generate around 5.4 lakh continued employment opportunities
within the value chain of micro and small enterprises. This will help in
sustaining livelihoods and fostering socio-economic development in
rural and coastal areas.
BODY : SIGNIFICANCE
• By formalizing the sector, providing access to credit, and
implementing digital platforms, PM-MKSSY aims to facilitate ease of
doing business for fisheries-related enterprises. This can encourage
entrepreneurship, attract investment, and promote economic
1. Formalization of the Fisheries growth.
Sector
2. National Fisheries Digital Platform
3. Focus on Improving Value Chain
Efficiency
4. Job Creation
5. Facilitate Ease of Doing Business
6. Increase Incomes and Enhance
Export Competitiveness
BODY : SIGNIFICANCE
• The scheme seeks to increase incomes for fishers and fish farmers by
improving productivity, value addition, and market access. Moreover,
by ensuring the production of safe and high-quality fish products, it
aims to enhance the export competitiveness of the Indian fisheries
1. Formalization of the Fisheries sector, thereby contributing to foreign exchange earnings.
Sector
2. National Fisheries Digital Platform
3. Focus on Improving Value Chain
Efficiency
4. Job Creation
5. Facilitate Ease of Doing Business
6. Increase Incomes and Enhance
Export Competitiveness
LET’S BREAK IT DOWN…..
How does the Pradhan Mantri Matsya Kisan Samridhi Sahay Yojana (PM-
MKSSY) contribute to the enhancement of the blue economy in India?

400 WORDS 10 MARKS

1. INTRODUCTION: What is PM-KSSY + Brief Overview
2. BODY: Significance
3. CONCLUSION: Summary
CONCLUSION

PM- Matsya Kisan Samridhi Sahay Yojana emerges as a pivotal initiative for bolstering
India's blue economy. This scheme, by prioritizing the formalization of the fisheries sector,
facilitates access to institutional finance for micro and small enterprises, and incentivizes
the adoption of aquaculture insurance, lays a robust foundation for sustainable growth.
The government should strategically leverage the scheme to actively promote and advance
the blue economy through targeted policies, investments, and collaborations aimed at
enhancing sustainable fisheries management, that promotes value addition along the
entire seafood value chain.
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How does the Pradhan Mantri Matsya Kisan

Samridhi Sahay Yojana (PM-MKSSY)
contribute to the enhancement of the blue
economy in India?
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