Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) — insurance support and grants for fisheries
Government of India (Department of Fisheries)
Overview
A sub-scheme of the PM Matsya Sampada Yojana that strengthens the fisheries sector through financial support, market linkages and digital integration, with the aim of raising fishers' incomes.
It offers a 40% subsidy on aquaculture insurance premiums (up to a maximum of Rs 1 lakh), plus an extra 10% for SC/ST/women, valid for one crop cycle. Micro and small enterprises get performance grants on investment to improve quality, safety and value chains: 25% for general, 35% for SC/ST/women, and 35% (up to Rs 2 crore) for cooperatives/SHGs/FPOs.
Fishers, fish farmers, fish workers, vendors, fisheries MSMEs, cooperatives, SHGs and FFPOs can apply. Registration on the National Fisheries Digital Platform (NFDP) is required for all benefits; money is paid directly to the bank account (DBT).
At a glance
- Administering authority
- Government of India (Department of Fisheries)
- Scheme type
- Agriculture, Business & Finance
- Place of posting / area
- All India
- Application mode
- Online
- Important dates
- Applications accepted year-round
Benefits
- Insurance subsidy: 40% premium support (up to Rs 1 lakh), with 10% extra for SC/ST/women (for one crop cycle)
- Performance grants: general — 25% of investment; SC/ST/women — 35%; cooperatives/SHGs/FPOs — 35% (up to Rs 2 crore)
- Easier access to institutional loans and working capital
- Work-based IDs on NFDP with access to schemes, credit, insurance and e-services
- E-commerce, e-auction and business linkages; better quality, traceability and exports
- Grants linked to creating/retaining jobs
- Insurance cover against disease and crop loss
Eligibility
- Individuals in fisheries: fishers, fish farmers, fish workers and vendors
- Fisheries/aquaculture MSMEs: proprietorships, partnerships, companies and LLPs
- Collectives: cooperatives, Self-Help Groups (SHGs), Fish Farmer Producer Organisations (FFPOs), Fish Production Groups and village-level bodies
- Startups and other entities included by the Department of Fisheries
- Registration on the National Fisheries Digital Platform (NFDP) is required
- Aquaculture insurance must be purchased to get the premium subsidy
- Performance grants require investment and meeting quality parameters
Required documents
- NFDP registration
- Personal/business details and required documents
- Bank account details
How to apply
- Create an account on the National Fisheries Digital Platform (NFDP)
- Create your profile and ID with personal/business details
- Choose the benefit you need — insurance incentive, performance grant, credit support, etc.
- Fill in the online form and upload documents
- Authorities verify eligibility, investment or insurance details before sanction
- After meeting the conditions, claim the insurance subsidy or grant through NFDP
- Approved amounts are paid directly to your bank account (DBT)
Last updated: 1 Nov 2026
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