Launch Year 2021 Special Focus:

North Eastern and

Andaman and
Centrally Nicobar Islands
Type
Sponsored

Prime Minister
Subsume Matsya
National FoodKisan Samridhi Sah
Security Mission-
Oil Palm programme
Yojana (PM-MKSSY)
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PM-MKSSY
PM-MKSSY
 PM-MKSSY

2023-24

•National Mission on Sustainable Agriculture (NMSA).

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OBJECTIVES

Gradual formalization of unorganized fisheries sector under a National Fisheries Sector

Digital Platform through self registration of fishers, fish farmers and supportive workers

➢ Including creation of work based digital identifies of fish workers for improved service
delivery

Facilitating access to institutional financing fisheries sector micro and small enterprise

Providing one-time incentive to beneficiaries for purchasing aquaculture insurance

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OBJECTIVES

Incentivizing fisheries and aquaculture microenterprises through performance grants

➢ For improving fisheries sector value-chain efficiencies including creation and maintenance of
jobs

Incentivizing micro and small enterprises through performance grants for adoption and
expansion of fish and fishery product safety

➢ And quality assurance systems including creation and maintenance of jobs

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Type Central Sector Sub-scheme under Central Sector

Component of Pradhan Mantri Matsya Sampada

Tenure From FY 2023-24 to FY 2026-27 (4 YEARS)

₹6000 crore

➢ 50% i.e. ₹3,000 crore public finance including

Financial World Bank and French Agency for
Outlay Development (AFD) external financing
➢ Rest 50% i.e. ₹3,000 crore being anticipated
investment from beneficiaries/private sector
leverage
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Components

Component 1-A

Component 1-B: Facilitating adoption of aquaculture insurance

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

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Component 1-A

Formalization of fisheries sector and facilitating access of fisheries

microenterprises to Government of India programs for working capital financing

National Fisheries Digital Platform (NFDP) to be created and all stakeholders

will be mobilized to register on it

NFDP will serve multiple functions including disbursement of financial incentives, to

undertake activities such as

➢ Training and extension support, improving financial literacy, facilitating project

preparation

➢ Documentation through financial support, reimbursing processing fee and such other
charges, if any

➢ Strengthening of existing fisheries cooperative societies

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Component 1-B: Facilitating adoption of
aquaculture insurance

To cover at least 1 lakh hectare of aquaculture farms

To provide one-time incentive to willing farmers against purchase of insurance

with a farm size of 4 hectares of water spread area and less

➢ At 40% of cost of premium, subject to a limit of ₹25000 per hectare of water spread
area of aquaculture farm

➢ Maximum incentive payable to single farmer will be ₹1,00,000 and maximum farm
size eligible for incentive is 4 hectares of water spread area
For more intensive form of aquaculture other than farms such as cage culture, Re-
circulatory Aquaculture System (RAS), bio-floc, raceways, etc. incentive payable is
40% of premium
➢ Maximum incentive payable is 1 lakh and maximum unit size eligible will be of 1800
m3
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Component 1-B: Facilitating adoption of
aquaculture insurance

Onetime incentive' will be provided for aquaculture insurance purchased for one crop
only i.e. one crop cycle

SC, ST and Women beneficiaries would be provided an additional incentive @ 10% of

incentive payable for General Categories
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Component 2: Supporting microenterprises to
improve fisheries sector value chain efficiencies

Performance Grant for a Microenterprise shall not exceed 25% of total

investment or ₹35 lakhs, whichever is lower, for General Category

35% of total investment or ₹45 lakhs, whichever is lower, for SC, ST and Women
owned microenterprises

Performance Grant for Village Level Organizations and Federations of SHGs,

FFPOs and Cooperatives shall not exceed 35% of total investment or ₹200 lakhs,
whichever is lower
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Component 3: Adoption and expansion of fish and
fishery product safety and quality assurance systems

Expected to expand market for fish and to create and maintain jobs especially for
women

Performance Grant for a Microenterprise and Village Level Organizations and

Federations - same as Component 2

Performance Grant for a Small enterprise shall not exceed 25% of total
investment or Rs.75 lakhs, whichever is lower, for General Category

Performance Grant for a Small enterprise shall not exceed 35% of total
investment or ₹100 lakhs, whichever is lower, for SC, ST and Women owned
small enterprises
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Performance Grant disbursement criteria for
components 2 and 3

Number of jobs created and maintained; including jobs created and maintained for
women

➢ For each job created and maintained for a woman an amount of Rs.15,000 per year
will be paid

➢ For each job created and maintained for a man an amount of Rs.10,000 per year will
be paid

➢ Subject to the limit of 50% of total eligible grant

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PM-MKSSY
 ESIC Deputy Director

Principles of Human Resource Management

Important MCQ