The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the "Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)".

National

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the "Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)". The scheme aims formalization of the fisheries sector and supporting fisheries micro and small enterprises with an investment of over Rs6,000 crores over a period of next four (4) years from FY 2023-24 to FY 2026-27 in all States/Union Territories. The Sub-scheme will be implemented as a Central Sector Sub-scheme under the Central Sector Component of the PMMSY at an estimated outlay of Rs 6,000 crore consisting of 50% i.e Rs3,000 crore public finance including the World Bank and the AFD external financing. And rest 50% i.e Rs3,000 crore being the anticipated investment from the beneficiaries/private sector leverage. It will be implemented for 4 (four) years from FY 2023-24 to FY 2026-27 across all the States and UTs.


      The program focuses on improving value chain efficiency and ensuring safe, quality fish by supporting 55,000 targeted micro and small enterprises.

      It is projected to create 1.7 lakh new jobs, with a special emphasis on employing 75,000 women and also aims to generate 5.4 lakh continued employment opportunities in the micro and small enterprises value chain.

     

 

     


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