RBI GRADE B 2024 | Government Schemes | Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana ( PM-MKSSY )

Main ideas / lessons conveyed

• Pradhan Mantri Matsya Kisan Samriddhi Yojana (PM-MKSSY) is a fishery-related government scheme and a sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
• It was launched in FY 2024 and is expected to run until FY 2026–27.
• The scheme focuses on making fisheries more formal and supportable for MSMEs and stakeholders across the entire fishery supply chain, so small/unorganized players don’t rely on informal or multiple loans.
• The central government fully funds the scheme (the speaker emphasizes no state contribution).
• The plan is structured into four key components, targeting:
  1. formalization,
  2. insurance,
  3. value chain micro-enterprises,
  4. quality/safety plus implementation support.

Funding / outlay (as stated)

• Total outlay: ₹6,000 crore
• Central sector funding: 100% by Centre (no state contribution)
• External financing (outside sources):
  • ₹3,000 crore is expected from World Bank / “FD” (French Development Bank) (described as external financing)
• Remaining ₹3,000 crore:
  • Expected from sources such as the private sector
  • If private contribution occurs, central sector funding support is also mentioned
• The speaker notes: “6000 crore out of 6000 crore 50%” relates to the external portion.

Intended beneficiaries (who gets benefits)

• Beneficiaries cover the entire fisheries supply chain (no single group is excluded).
• Explicitly mentioned groups include:
  • Fish farmers
  • Fish workers
  • Fish vendors
  • MSMEs
  • LLPs (Limited Liability Partnerships)
  • Societies
  • Self-Help Groups (SHGs)
  • FPOs (Farmer Producer Organizations) (noted as startups of fish farmers)
  • Village-level organizations
  • Cooperatives / federations
• The statement also says: Government of India may include any additional party it wants to bring under the scheme.

Scheme structure: 4 components

Component 1: Formalization of the fisheries sector (first part)

• Goal: Formalize the previously unorganized fisheries sector.
• Key activities / mechanisms:
  • Create a registry for stakeholders
  • Mobilize resources via stakeholder mapping / an information-driven platform
  • Use a platform for data transmission
  • Improve transparency and accountability
• Digital program linkage mentioned:
  • NFDP (National Fisheries Digital Programme) is referenced as supporting the scheme.
  • NFDP may also be used to disburse financial incentives.
  • Fish farmers can check incentives through this platform.

Component 1 (part B): Facilitation of adoption of aquaculture insurance

• Goal: Encourage uptake of aquaculture insurance.
• Incentives for purchasing insurance:
  • One-time incentive for farmers who adopt/enter insurance products
  • Applies with a maximum farm size up to 4 hectares of water spread
  • Incentive described as:
    • 40% of premium cost (with eligibility constraints)
    • capped/defined as “up to 25…/1000%” (the exact figure is unclear, but the core idea is percentage-based incentive with conditions)
  • Maximum incentive per farmer: ₹1 lakh
  • Incentive is for one crop / one crop cycle only
  • Incentive is provided only once
• Extra incentive for special categories:
  • If the farmer is SC/ST and women, then an additional 10% incentive is stated over the general category.

Component 2: Support micro enterprises to improve fisheries value chain efficiency

• Goal: Strengthen entrepreneurship and improve fisheries value-chain performance.
• How support is determined: Based on enterprise type/category and a performance grant structure.
• General category (micro enterprise):
  • 25% of total investment, capped at up to ₹35 lakh (whichever is lower)
• SC/ST women (micro enterprise):
  • Extra 10% additional benefit
  • Cap mentioned up to around ₹45 lakh
• Other organizations (e.g., SHGs, FPOs, cooperatives, etc.):
  • 35% of investment basis
  • Cap/upper limit mentioned as up to ₹200 lakh (whichever is lower)

Component 3: Fish and fishery product safety & quality assurance system

• Goal: Quality assurance to enable branding, reduce rejection barriers, and help with export.
• Quality assurance support logic: (as described)
  • General support appears again as 25% investment with caps (text includes ₹35 lakh “whichever is lower”)
  • For SC/ST / women, a higher cap pattern is referenced (₹35/₹45 lakh depending on the bracket described)
  • Supports differ by enterprise size:
    • Micro enterprises: similar incentives/caps as described above
    • Small enterprises: caps increased because enterprises are “a little bigger”
      • subtitles mention up to ₹75 lakh for a category (tied to SC/ST women or a specific bracket)
  • For other organizations (SHG/FPO/cooperatives): caps referenced up to ₹200 lakh (whichever is lower)
• Core stated purpose: Enable products to avoid non-tariff barriers in developed markets.

Component 4: Project management, monitoring, and reporting

• Goal: Ensure the scheme runs effectively.
• Key point emphasized by the speaker:
  • Monitoring/reporting is required to verify whether activities are working properly—not just reviewing components superficially.

Conclusion / wrap-up message (as conveyed)

• The speaker summarizes that the scheme has four components:

1. Formalization + aquaculture insurance facilitation
2. Micro-enterprise/value chain efficiency support
3. Quality & safety assurance support
4. Monitoring, reporting, and project management

• Ends with: “And have a nice day.”

Speakers / sources featured

• Speaker: Unidentified narrator/teacher-style presenter (no name provided in subtitles).
• Government/Program sources mentioned:
  • Pradhan Mantri Matsya Sampada Yojana (PMMSY)
  • National Fisheries Digital Programme (NFDP)
  • World Bank
  • French Development Bank (FD / as stated “FD external”)