PMMKSSY-1B

The Component 1B of PM-MKSSY provides a one-time incentive to eligible applicants who have availed institutional credit for fisheries-related activities. The objective is to encourage formal credit adoption and support the repayment capacity of fisheries microenterprises.

The scheme "Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana" is a Central Sector Sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY). It is administered by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India. The scheme aims to formalise the fisheries sector and incentivise fisheries-based microenterprises and entrepreneurs to access institutional finance.

Under Component 1B, the scheme provides a one-time incentive to eligible applicants who have availed institutional credit for fisheries-related activities. The objective is to encourage formal credit adoption and support the repayment capacity of fisheries microenterprises. To be eligible, the applicant must be registered on the National Fisheries Digital Platform (NFDP) and must have availed credit through a recognised financial institution. The scheme is implemented by the Department of Fisheries through the NFDP, and the application process is online.

• The applicant must be a fisheries microenterprise or an individual engaged in fisheries or aquaculture-related activities.
• The applicant must be registered on the National Fisheries Digital Platform (NFDP).
• The applicant must have availed institutional credit from a recognised financial institution.
• The applicant must possess a valid Aadhaar-seeded bank account for DBT purposes.
• The applicant must submit documentary proof of loan sanction and disbursement.
• The applicant must consent to the verification and validation process undertaken by the Department of Fisheries.

Financial assistance is provided as a one-time incentive to applicants who have successfully availed institutional credit for fisheries and aquaculture-related activities.

Frequency of Disbursement

• The incentive is one-time and non-recurring.
• The incentive can only be availed once per eligible activity and applicant, and no repeated claims are permitted under Component 1-B.

Criteria for Disbursement

• The incentive is not linked to any performance benchmarks beyond initial loan sanction and disbursement.
• Funds are released after successful validation and approval of the application by the Project Management Unit (PMU), Department of Fisheries.

Mode of Disbursement

The incentive is transferred directly to the verified bank account of the beneficiary through the Direct Benefit Transfer (DBT) mechanism.