The Union Cabinet recently approved Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) which is a sub-scheme of Pradhan Mantri Matsya Sampada Yojana (PM-MSY)

About Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY):

  • Launched by: Department of Fisheries; Ministry of Fisheries, Animal Husbandry, and Dairying.


  • Total Investment: ₹20,050 crore.
  • Duration: FY 2020-21 to FY 2024-25.
  • Sub-scheme under PM-MSY: Investment of ₹6,000 crore for fish vendors, fishermen, and micro-enterprises.


  • Gradual formalization of the unorganized fishers via self-registration of fisheries, fish farmers, and support under the National Fisheries Sector Digital Platform.
  • Creation of work-based digital identities of fish workers for improved service delivery.
  • Facilitates access to institutional financing fisheries sector via micro and small enterprises.
  • Providing incentives to beneficiaries for aquaculture insurance.


Fish Production and Productivity:

  • Increase fish production to 22 million metric tons by 2024-25.
  • Enhance aquaculture productivity to 5 tons per hectare.
  • Augment domestic fish consumption to 12 kg per capita.

Economic Value Addition:

  • Increase the fisheries sector’s contribution to Agriculture GVA to about 9%.
  • Double export earnings to ₹1,00,000 crores by 2024-25.
  • Facilitate private investment and entrepreneurship.
  • Reduce post-harvest losses to about 10%.

Enhancing Income and Employment Generation:

  • Generate 55 lakh direct and indirect employment opportunities.
  • Double the incomes of fishers and fish farmers.

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