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Pradhan Mantri Matsya Kisan Samridhi Sah-yojana (PM-MKSSY): COMPONENT 1B: One-Time Incentive for the Adoption of Aquaculture Insurance

Ministry: Ministry of Fisheries,Animal Husbandry and Dairying

Department: Department of Fisheries

The Component 1B of PM-MKSSY provides a one-time incentive to eligible applicants who have availed institutional credit for fisheries-related activities. The objective is to encourage formal credit adoption and support the repayment capacity of fisheries microenterprises.

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About This Scheme

The scheme "Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana" is a Central Sector Sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY). It is administered by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India. The scheme aims to formalise the fisheries sector and incentivise fisheries-based microenterprises and entrepreneurs to access institutional finance. Under Component 1B, the scheme provides a one-time incentive to eligible applicants who have availed institutional credit for fisheries-related activities. The objective is to encourage formal credit adoption and support the repayment capacity of fisheries microenterprises. To be eligible, the applicant must be registered on the National Fisheries Digital Platform (NFDP) and must have availed credit through a recognised financial institution. The scheme is implemented by the Department of Fisheries through the NFDP, and the application process is online.

Benefits

Financial assistance is provided as a one-time incentive to applicants who have successfully availed institutional credit for fisheries and aquaculture-related activities.

Frequency of Disbursement

The incentive is one-time and non-recurring.

The incentive can only be availed once per eligible activity and applicant, and no repeated claims are permitted under Component 1-B.

Criteria for Disbursement

The incentive is not linked to any performance benchmarks beyond initial loan sanction and disbursement.

Funds are released after successful validation and approval of the application by the Project Management Unit (PMU), Department of Fisheries.

Mode of Disbursement

The incentive is transferred directly to the verified bank account of the beneficiary through the Direct Benefit Transfer (DBT) mechanism.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Aadhaar Card (For identity verification and DBT)
✦
Bank Passbook or Statement (Aadhaar-seeded bank account)
✦
Loan Sanction Letter (From a recognised financial institution)
✦
Loan Disbursement Proof (Transaction statement showing credit)
✦
Depository Account Statement (Where applicable)
✦
NFDP Registration Acknowledgement
✦
Self-Declaration Form (As prescribed by the scheme)
✦
Any other document as requested during validation

✦ Required ◦ Optional

How to Apply

OOnline

The application process for availing benefits under Component 1-B of the PM-MKSSY is completely online and facilitated through the National Fisheries Digital Platform (NFDP). The individual interested in applying to this scheme must have already availed of an institutional loan. The application to this component can be made only once per applicant per eligible activity.

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Level: Central Government