Pradhan Mantri Matsya Kisan Samridhi Sah-yojana (PM-MKSSY): COMPONENT 1B: One-Time Incentive for the Adoption of Aquaculture Insurance

• The application process for availing benefits under Component 1-B of the PM-MKSSY is completely online and facilitated through the National Fisheries Digital Platform (NFDP).
• The individual interested in applying to this scheme must have already availed of an institutional loan.
• The application to this component can be made only once per applicant per eligible activity.

The detailed and sequential steps involved in the application process is given below: Step 1: Visit the Official Website of the "National Fisheries Digital Platform (NFDP)" The applicant must visit the official website of NFDP using any web browser. Click on “Register” for new registration or “Login” if already registered. Step 2: Complete the Registration Process on NFDP If the applicant is not already registered, they must click on the “Register” button. Select the relevant applicant category (Individual / Organisation). The system will prompt for entering the mobile number with the country code (+91) followed by One-Time Password (OTP) verification. Post successful OTP authentication, the applicant must create a password in accordance with the portal’s password policy. Step 3: Fill in Profile Information After login, the applicant must proceed to complete the registration form by filling in the following details: Name as per Aadhaar, Aadhaar Number, Bank Account Number, IFSC Code, Category of enterprise (individual/organisation), Nature of activity (fisheries/aquaculture-related), Contact details and address. Step 4: Upload Mandatory Documents The applicant must upload clear, legible, and 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 conform to the specified file format (PDF/JPEG) and size limits as mentioned on the portal. Step 5: System-Based Validation and Data Integration Upon submission of the application, the data entered by the applicant will undergo system-based checks and integration with other government databases to ensure authenticity. If any discrepancies or incomplete information are detected, the applicant will be notified to make necessary corrections. Step 6: Credit Facilitation Support Application Once the profile is validated, the applicant must navigate to the “Apply for Financial Assistance – Component 1-B” section on the NFDP. Here, the applicant must fill out the form specifying: Bank Name, Loan Amount, Loan Disbursement Date, Purpose of loan and intended fisheries activity, Upload all relevant loan documents. Upon completion, the application must be submitted for further processing. Step 7: Application Review and Sanction The submitted application is reviewed by Credit Intermediaries and the designated team at the Department of Fisheries. Verified and validated applications are approved by the PMU for disbursement. The application is sanctioned and marked for DBT processing. Step 8: Disbursement of Financial Assistance After approval, the Project Management Unit (PMU) in the Department of Fisheries, Government of India, will initiate the transfer of funds directly to the applicant’s verified bank account via the DBT mechanism.