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Farmer's Scheme
21 Apr

PM Matsya Sampada Yojana: Benefits and Application Process

The PM Matsya Sampada Yojana was initiated by the Central government with the aim of promoting fisheries in India. This scheme was launched to foster the 'Blue Revolution' in India. The objective of this scheme is to increase the income of people engaged in the fish farming business, improve their standard of living, and bring sustainable development to the fisheries sector in India. Only Indian citizens are eligible to benefit from this scheme. Here in this article, we will go through various detailed information about the objectives of the PM Matsya Sampada Yojana, its benefits, necessary documents, and the application process.

Objectives of PM Matsya Sampada Yojana

  • The main objective of this scheme is to increase fish production and productivity.
  • The scheme aims to create employment opportunities and increase the income of fishermen and fish farmers in India.
  • This also involves the construction and modernization of basic infrastructure for fisheries including fishing harbors, fish landing centers, fish markets, and cold chain facilities.
  • It aims to enhance the agricultural value chain and increase the contribution of the fisheries sector to exports.
  • It aims at improving post-harvest management and value addition, establishment of fish processing units, fish packaging units, and fish export facilities.

Benefits of PM Matsya Sampada Yojana

  • Boost in Fish Production and Productivity: Through PMMSY, there can be an increase in fish production and productivity, which will help meet the growing demand for fish and seafood in the country.
  • Reduction in Dependency on Imports: There is a decrease in dependency on fish imports, leading to improvements in the country's food security.
  • Employment Opportunities: This scheme will lead to increased employment opportunities for fishermen and fish farmers.
  • Livelihood Improvement: The scheme assists in improving the livelihoods of people in fishing communities.
  • Modernization of Fisheries Sector: PMMSY aims to modernize the foundational infrastructure of the fisheries sector, making it more skilled and productive.
  • Promotion of Value Addition and Exports: This scheme promotes value addition and exports in the fisheries sector, leading to increased income for fishermen and fish farmers.

Terms and Conditions of PM Matsya Sampada Yojana

  • Fishermen, fish farmers, and entrepreneurs from all states and union territories of India can avail benefits under this scheme.
  • To avail the benefits of this scheme, you must have a valid Aadhaar card.
  • Beneficiaries of the scheme must adhere to the rules of the scheme. Non-compliance with any rules may result in financial assistance or loans being cancelled.
  • Loans or subsidies will be provided at concessional rates for the construction of boats, installation of new engines, and purchase of fishing nets and other equipment.

Important Documents for PM Matsya Sampada Yojana

Below are the necessary documents required to apply for the Prime Minister's Matsya Sampada Yojana:

  • Aadhaar Card
  • PAN Card
  • Business Registration Certificate
  • License for Fisheries
  • Residence Proof
  • Mobile Number
  • Details of Bank Account (Passbook)
  • Caste Certificate of the Applicant
  • Passport Size Photo
  • Permission from the concerned Coastal Regulation Authority
  • Land Documents (if land is required for the project)
  • Partnership Deed or Memorandum of Association (MOA)

PM Matsya Sampada Yojana Application Process

PMMSY: Centrally Sponsored Scheme Component

  • To participate in the Centrally Sponsored Scheme Component of PMMSY, beneficiaries must submit their comprehensive proposal or Detailed Project Report (DPR) following PMMSY guidelines. This should be directed to the District Fisheries Officer of their district of residence or the relevant District Fisheries Officer of the intended state or union territory.

PMMSY: Central Sector Scheme Component

  • For the Central Sector Scheme Component of PMMSY, project proposals should be sent to the Department of Fisheries, Government of India, at the following address:

The Secretary

Department of Fisheries

Ministry of Fisheries, Animal Husbandry, and Dairying

Government of India

Room No-221, Krishi Bhawan

New Delhi - 110 001

Email: secy-fisheries@gov.in

  • It's important for stakeholders (potential beneficiaries) to liaise with the District Fisheries Officer of their respective states or union territories regarding the submission process for proposals related to fisheries development activities.

Website of Ministry of Fisheries, Animal Husbandry and Dairying, Government of India - www.pmmsy.dof.gov.in

Have you ever benefited from the PM Matsya Sampada Yojana? You can share your experiences and agriculture-related questions with us in the comments below. If you find the information provided in today's post useful, then like it and share it with your fellow farmers. Also, be sure to follow the 'Farmer's Scheme' channel for more information on government schemes aimed at farmers.

Frequently Asked Questions (FAQs)

Q: How to avail benefits of the PM Matsya Sampada Yojana?

A: To avail the benefits of this scheme, contact your nearest Fisheries Department.

Q: Who is eligible for the PM Matsya Sampada Yojana?

A: Fishermen, fish farmers, laborers working in fisheries or fish vendors, fisheries development corporations, self-help groups/joint liability groups in the fisheries development sector, fisheries cooperative societies, fisheries associations, entrepreneurs and private firms, fish farmer producer organizations/companies, scheduled caste/scheduled tribe/women/divyang individuals, state governments/union territories and their institutions, state fisheries development boards, central government and its institutions are eligible for the PM Matsya Sampada Yojana.

Q: What is the subsidy amount for the PM Matsya Sampada Yojana?

A: The subsidy amount provided under the PM Matsya Sampada Yojana (PMMSY) by the Government of India varies based on the category of the beneficiary. Under its components, 40% of the total project cost has been fixed as the subsidy amount for beneficiaries in the general category. Meanwhile, for scheduled caste/scheduled tribe/women beneficiaries, 60% of the total project cost has been fixed as the subsidy amount.

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