Pradhan Mantri Matsya Kisan Samridhi Sah-yojana (PM-MKSSY): COMPONENT 1A: Formalization of Fisheries Sector and Facilitating Access of Fisheries Microenterprises to Government of India Programs for Working Capital Financing
DBT working capital grants · fisheries microenterprises · NFDP-registered nationwide
Fisheries micro-enterprises and individuals in the fisheries or aquaculture value chain can register on the National Fisheries Digital Platform (NFDP) and receive non-repayable grants plus hands-on support to access institutional working capital loans from banks. The scheme formalizes fisheries businesses and connects them with government financing. Apply online at nfdp.dof.gov.in.
About This Scheme
Fisheries micro-enterprises and individuals in the fisheries or aquaculture value chain can register on the National Fisheries Digital Platform (NFDP) and receive non-repayable grants plus hands-on support to access institutional working capital loans from banks. The scheme formalizes fisheries businesses and connects them with government financing. Apply online at nfdp.dof.gov.in.
Full official description
The scheme "Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)" is a Central Sector Sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY). The scheme is managed by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India. The scheme aims to formalise the fisheries sector and facilitate access to institutional finance for fisheries-based microenterprises. The scheme provides small grants to formalised fisheries microenterprises and support through credit intermediaries. To be eligible, the applicant must be registered on the National Fisheries Digital Platform (NFDP) and belong to an eligible fisheries microenterprise category. The scheme is implemented by the Department of Fisheries through the National Fisheries Digital Platform. The applications for this scheme are accepted online.
Benefits
- Non-repayable (grant) financial assistance — amount varies by activity type, scale, and viability
- Funds disbursed directly to bank account via Direct Benefit Transfer (DBT), no intermediary
- Credit intermediary support: help with loan applications, bank documentation, follow-up, and credit linkage
- Capacity building and training to navigate institutional financing systems
- Digital registration on NFDP formalizes the enterprise, unlocking access to all Government of India fisheries programs
💡 Why Startups Should Care
Fisheries microenterprises are chronically underserved by formal credit. This scheme's DBT-based small grants — paired with facilitated access to Government of India working capital programs — gives fish farmers and processors a formal financial track record that can unlock future bank credit.
Who Can Apply (Eligibility)
- Must be a fisheries microenterprise or individual operating in the fisheries or aquaculture value chain
- Must register on the National Fisheries Digital Platform (NFDP) at nfdp.dof.gov.in
- Must have a valid bank account linked to Aadhaar
- Must require institutional credit for fisheries-related activities
- Must submit required documentation through the NFDP online portal
- Must agree to government verification and validation processes
How to Apply
- Register your fisheries or aquaculture enterprise on the National Fisheries Digital Platform (NFDP).
- Complete your enterprise profile with verifiable business details.
- Apply online for the working capital financing facilitation component.
- Submit required documents including bank details for Direct Benefit Transfer.
- Approved grants are disbursed directly to your verified bank account via DBT.
Frequently Asked Questions
Is there any financial assistance provided under this scheme, and is it repayable?
Yes, the scheme offers non-repayable small grants linked to the scale and viability of your fisheries/aquaculture activity, disbursed via Direct Benefit Transfer (DBT).
How are the funds under this scheme transferred to beneficiaries?
Approved funds are directly transferred to the beneficiary’s verified bank account through the DBT mechanism after application approval.
What kind of support do Credit Intermediaries provide under this scheme?
They assist with loan application preparation, documentation, bank follow-ups, credit linkage, and capacity-building training for institutional finance navigation.
What is the role of the National Fisheries Digital Platform (NFDP) in this scheme?
NFDP is the online portal for registration, application submission, document uploads, profile validation, and tracking application status.
Can an individual without a registered fisheries microenterprise apply for this scheme?
No, only registered fisheries microenterprises or individuals operating in the fisheries/aquaculture value chain are eligible.
What happens if my application has incomplete or incorrect information?
The system will notify you to correct discrepancies during the validation process before the application proceeds further.
Who is eligible to apply for financial assistance under this fisheries sector scheme?
The applicant must be a fisheries microenterprise or individual operating in the fisheries/aquaculture value chain, registered on the National Fisheries Digital Platform (NFDP), with a valid Aadhaar-linked bank account and a credit need for fisheries-related activities.
How do I register to apply for benefits under this scheme?
You must register on the National Fisheries Digital Platform (NFDP) by visiting its official website, providing your mobile number for OTP verification, and creating a password.
What documents are required to complete the application process?
You need an Aadhaar card, bank passbook/statement, Depository Account Statement, NFDP registration proof, a project proposal/activity plan, a self-declaration form, and an income certificate (if applicable).
Do I need to submit a project proposal or activity plan to apply?
Yes, you must submit a proposal outlining your credit need, estimated costs, and justification for fisheries-related activities.
How is my bank account verified for receiving funds under this scheme?
Your bank account must be linked with Aadhaar and validated during the NFDP profile completion and document upload process.
What details are required to fill in the NFDP registration form?
You need to provide your Aadhaar-linked name, bank account details, enterprise category, nature of activity, contact information, and address.
Are there any file format restrictions for uploading documents?
Yes, documents must be uploaded in PDF/JPEG format within the size limits specified on the NFDP portal.
What happens after my application is submitted on the NFDP portal?
It undergoes system checks, validation, and review by Credit Intermediaries and the Department of Fisheries for approval.
What is the purpose of the Depository Account Statement in the application?
It is required for the disbursement of the incentive amount to your verified bank account.
Is there any training provided to beneficiaries under this scheme?
Yes, capacity-building and training interventions are offered to help beneficiaries access institutional financing systems.
Who approves the final disbursement of funds to applicants?
The Project Management Unit (PMU) under the Department of Fisheries sanctions and initiates the DBT transfer.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Aadhaar card
- Bank account passbook or statement (for DBT)
- Depository account statement (for incentive disbursement)
- Registration proof on National Fisheries Digital Platform (NFDP)
- Project proposal or business details