Sarkari Yojana
Pradhan Mantri Matsya Kisan Samridhi Sah-yojana (PM-MKSSY): COMPONENT 1B: One-Time Incentive for the Adoption of Aquaculture Insurance
About Pradhan Mantri Matsya Kisan Samridhi Sah-yojana (PM-MKSSY): COMPONENT 1B: One-Time Incentive for the Adoption of Aquaculture Insurance
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana is a Central Sector Sub-scheme sitting within the Pradhan Mantri Matsya Sampada Yojana (PMMSY), administered by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India. It works to formalise the fisheries sector and encourage fisheries-based microenterprises and entrepreneurs to tap into institutional finance. Under Component 1B, applicants who have already taken institutional credit for fisheries-related activities receive a one-time incentive. The aim is to encourage the take-up of formal credit and support fisheries microenterprises’ ability to repay it. To qualify, the applicant must be registered on the National Fisheries Digital Platform (NFDP) and must have obtained credit through a recognised financial institution. The Department of Fisheries implements the scheme through the NFDP, and applications are submitted online.
Scheme Overview
Central Government
Ministry of Fisheries,Animal Husbandry and Dairying
Individual
Scheme Details
Eligibility Requirements
To qualify for Pradhan Mantri Matsya Kisan Samridhi Sah-yojana (PM-MKSSY): COMPONENT 1B: One-Time Incentive for the Adoption of Aquaculture Insurance, applicants must satisfy the following conditions:
Either a fisheries microenterprise or an individual carrying…
Either a fisheries microenterprise or an individual carrying out fisheries or aquaculture-related activities may apply.
Registration on the National Fisheries Digital Platform (NFDP)…
Registration on the National Fisheries Digital Platform (NFDP) is required.
Institutional credit must have been availed from a…
Institutional credit must have been availed from a recognised financial institution.
A valid Aadhaar-seeded bank account must be held…
A valid Aadhaar-seeded bank account must be held by the applicant for DBT purposes.
Documentary proof of both loan sanction and disbursement…
Documentary proof of both loan sanction and disbursement must be submitted.
Consent must be given to the verification and…
Consent must be given to the verification and validation process carried out by the Department of Fisheries.
Benefits Provided
Pradhan Mantri Matsya Kisan Samridhi Sah-yojana (PM-MKSSY): COMPONENT 1B: One-Time Incentive for the Adoption of Aquaculture Insurance provides the following benefits to eligible applicants:
A one-time incentive is paid to applicants who have successfully obtained institutional credit for fisheries and aquaculture-related activities. Frequency of Disbursement
The incentive is one-time and non-recurring
The incentive is one-time and non-recurring.
Each eligible activity and applicant can claim the…
Each eligible activity and applicant can claim the incentive only once, and no repeated claims are allowed under Component 1-B. Criteria for Disbursement
The incentive isn't tied to any performance benchmarks…
The incentive isn't tied to any performance benchmarks beyond the initial loan sanction and disbursement.
Funds are released once the Project Management Unit…
Funds are released once the Project Management Unit (PMU), Department of Fisheries, has validated and approved the application. Mode of Disbursement The Direct Benefit Transfer (DBT) mechanism transfers the incentive directly into the beneficiary's verified bank account.
Documents Required
Applicants should keep the following documents ready before starting the application:
The Aadhaar Card, used for identity verification and…
The Aadhaar Card, used for identity verification and DBT.
A bank passbook or statement showing the Aadhaar-seeded…
A bank passbook or statement showing the Aadhaar-seeded bank account.
The loan sanction letter obtained from a recognised…
The loan sanction letter obtained from a recognised financial institution.
Proof of loan disbursement, in the form of…
Proof of loan disbursement, in the form of a transaction statement showing credit.
A depository account statement, where applicable
A depository account statement, where applicable.
The NFDP registration acknowledgement
The NFDP registration acknowledgement.
A self-declaration form, as prescribed by the scheme
A self-declaration form, as prescribed by the scheme.
Any other document requested during the validation process
Any other document requested during the validation process.
How to Apply
Online Application
Applicants can apply for Pradhan Mantri Matsya Kisan Samridhi Sah-yojana (PM-MKSSY): COMPONENT 1B: One-Time Incentive for the Adoption of Aquaculture Insurance through the online application process outlined below.
Availing benefits under Component 1-B of PM-MKSSY is done entirely online, through the National Fisheries Digital Platform (NFDP).
Anyone applying to this scheme must already have availed of an institutional loan.
Each applicant can apply to this component only once per eligible activity.
The detailed and sequential steps involved in the application process are given below:
Visit the Official Website of the "National Fisheries…
Visit the Official Website of the "National Fisheries Digital Platform (NFDP)" Using any web browser, the applicant must visit the official website of NFDP and click "Register" for a new registration, or "Login" if already registered.
Complete the Registration Process on NFDP
An applicant not already registered must click the "Register" button, select the relevant applicant category (Individual / Organisation), then enter their mobile number with the country code (+91) for One-Time Password (OTP) verification. Once OTP authentication succeeds, the applicant sets a password following the portal's password policy.
Fill in Profile Information
After logging in, the applicant completes the registration form with details including: Name as per Aadhaar, Aadhaar Number, Bank Account Number, IFSC Code, Category of enterprise (individual/organisation), Nature of activity (fisheries/aquaculture-related), and contact details and address.
Upload Mandatory Documents
The applicant uploads clear, legible, valid copies of the required documents, such as: Aadhaar Card, Bank Passbook or Statement, Loan Sanction Letter, Loan Disbursement Proof, Depository Account Statement (if applicable), Self-Declaration Form, NFDP Registration Acknowledgement/Certificate. Each uploaded document must meet the file format (PDF/JPEG) and size limits stated on the portal.
System-Based Validation and Data Integration
Once submitted, the application data undergoes system-based checks and is cross-verified against other government databases for authenticity. Any discrepancies or gaps trigger a notification asking the applicant to make corrections.
Credit Facilitation Support Application
Once the profile is validated, the applicant goes to the "Apply for Financial Assistance – Component 1-B" section on the NFDP and fills out a form specifying: Bank Name, Loan Amount, Loan Disbursement Date, Purpose of the loan and intended fisheries activity, and uploads all relevant loan documents, before submitting for further processing.
Application Review and Sanction
Credit Intermediaries and the designated team at the Department of Fisheries review the submitted application. Once verified and validated, the PMU approves it for disbursement, sanctions it, and marks it for DBT processing.
Disbursement of Financial Assistance
Once approved, the Project Management Unit (PMU) in the Department of Fisheries, Government of India, initiates the transfer of funds directly into the applicant's verified bank account via the DBT mechanism.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.