PM-MKSSY: Fisheries Sub-Scheme Under PMMSY Explained
Why in the news
Minister of State George Kurian briefed the Rajya Sabha on 12 March 2025 about PM-MKSSY, its digital platform and insurance progress.
Key facts
- Sub-scheme of PMMSY, for four years (2023-24 to 2026-27).
- Outlay: ₹6,000 crore, split equally between public funds and private investment.
- NFDP (11 September 2024) creates a digital ID and database, with credit access, cooperatives support, traceability and training.
| Component | Focus |
|---|---|
| 1-A | Formalising fisheries, access to government programmes |
| 1-B | Aquaculture insurance |
| 2 | Microenterprise and value-chain support |
| 3 | Fish safety and quality assurance |
| 4 | Project management and monitoring |
Aquaculture insurance
- Basic: yield loss from calamities, pollution, riots, malicious acts, farm structural damage.
- Comprehensive: basic perils plus disease losses.
- Incentive: 40% of premium, up to ₹25,000 a hectare or ₹1 lakh a farmer (4 hectares); intensive systems such as RAS, bio-floc and cage culture also get 40%, up to ₹1 lakh.
- Extra 10% for SC/ST and women.
- Status: 262 lead applications for 710 hectares sent to insurers via the portal.
Exam angle
- Parent scheme: PMMSY.
- Platform: NFDP.