Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana PM-MKSSY
A fisheries scheme that gives micro and small fish businesses a performance grant of up to 25% of their investment, more for women and SC or ST owners, plus help with loans and aquaculture insurance, after registering on the National Fisheries Digital Platform.
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- Cost to apply
- Free
- Status
- Open
- Run by
- Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, with the National Fisheries Development Board
What you get
- Performance grant for micro enterprises of 25% of total investment up to ₹35 lakh, or 35% up to ₹45 lakh for SC, ST and women owned units
- Performance grant for small enterprises of 25% up to ₹75 lakh, or 35% up to ₹1 crore for SC, ST and women owned units
- Grants for SHG federations, fish farmer producer organisations and cooperatives of 35% up to ₹2 crore
- Part of the grant is linked to jobs created and kept, ₹10,000 a year for each job for a man and ₹15,000 for a woman, up to half the grant
- One-time incentive for buying aquaculture insurance, claimed on the platform and paid by NFDB to the bank account
- Credit module on the platform to help get bank loans
Who can apply
- Open to businesses in farming, fisheries and livestock and food processing.
- Micro and small enterprises.
- Better terms for fishing families.
- The most on offer is ₹1 crore.
- Registration on the National Fisheries Digital Platform is compulsory
- Grants are paid after results are verified. There is no upfront subsidy.
- For fishers, fish farmers, fish workers and vendors, and micro and small enterprises in the fisheries value chain
How to apply
- Register on the National Fisheries Digital Platform
- Use the credit, insurance or performance grant module that fits
- Make the investment and create the jobs
- Claim the grant, which is paid after verification
Worth knowing
Approved in February 2024 for FY 2023-24 to FY 2026-27, so it is due to end in March 2027. By 11 August 2026, 84 performance grant applications worth ₹20.55 crore were approved and ₹4.33 crore released to 21 beneficiaries.
Where we found this
- PIB, Cabinet approves PM-MKSSY, February 2024 (external site) Official announcement
- PIB, PM-MKSSY (external site) Official announcement
- PIB, PM-MKSSY progress, August 2026 (external site) Official announcement
- National Fisheries Digital Platform (external site) Official
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.