PMMSY: Construction of Fish Retail Markets including Ornamental Fish/Aquarium Markets - Haryana 2026

This scheme offers a one-time financial boost to fisheries businesses that have taken loans from banks for Read More... their operations, encouraging them to use formal credit. Read less

Details

The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) is a key initiative by the Indian government to bring formalisation and financial support to the fisheries sector. Under its Component 1B, the government is providing a special one-time incentive. This boost is designed to help fisheries microenterprises and individual fish farmers who have accessed loans from banks or other financial institutions for their work.

What Is This Scheme?

Component 1B of PM-MKSSY is all about encouraging fish farmers and related businesses to use formal banking channels. It gives a one-time incentive to those who have successfully taken out institutional credit for their fisheries or aquaculture activities. This incentive aims to make it easier for them to manage their loan repayments and build trust in the formal credit system.

Who Can Benefit From This Scheme?

The scheme is specifically for individuals and microenterprises actively involved in fisheries or aquaculture. The main requirement is that they must have already availed a loan from a recognised financial institution for their business and must be registered on the National Fisheries Digital Platform (NFDP).

Why This Scheme Is Important

By offering this incentive, the government wants to bring more fisheries-based businesses into the formal financial system. This helps them access credit more easily in the future, build a credit history, and potentially grow their operations. It also supports the repayment of their current loans, reducing financial stress on small entrepreneurs in the sector.

Objective

This scheme offers a one-time financial boost to fisheries businesses that have taken loans from banks for their operations, encouraging them to use formal credit.

Benefits

The scheme provides a subsidy for the construction of fish retail markets, including ornamental fish or aquarium markets. The project cost is ₹1,00,00,000/- per unit.The subsidy provided is:

40% of the project cost is for beneficiaries belonging to the General Category.

60% of the project cost is for beneficiaries belonging to the Scheduled Caste (SC) or Women categories.

Sources and references

Guidelines

Eligibility Criteria

You must be a fisheries microenterprise or an individual actively involved in fisheries or aquaculture.
You must be registered on the National Fisheries Digital Platform (NFDP).
You must have obtained institutional credit (a loan) from a recognised financial institution.
You need a valid bank account that is linked with your Aadhaar number for Direct Benefit Transfer (DBT).
You must be able to provide proof that your loan was sanctioned and disbursed.
You must agree to the verification and validation checks carried out by the Department of Fisheries.

How To Apply

Register on NFDP: If you are not already registered, visit the National Fisheries Digital Platform (NFDP) website. Complete the registration by providing your mobile number, verifying it with an OTP, and setting a password.
Provide Details: During registration, you will need to enter personal details like your name (as per Aadhaar), Aadhaar number, contact information, address, enterprise type, and bank account details.
Apply for Incentive: Once registered and logged in, navigate to the section for Component 1B incentives. Fill in the application form accurately.
Upload Documents: Upload all the required documents as listed under the 'Documents Required' section.
Submit Application: Review all the information and submitted documents. Submit your application through the portal.
Verification: Your application will be reviewed by Credit Intermediaries and the Department of Fisheries.
Approval & Disbursement: If approved by the Project Management Unit (PMU), the incentive will be transferred directly to your Aadhaar-seeded bank account via DBT.

Official Portal: The application process is entirely online through the National Fisheries Digital Platform (NFDP).

Documents Required

Aadhaar Card: For identity verification and to facilitate DBT.
Bank Passbook or Statement: Showing details of your Aadhaar-seeded bank account.
Loan Sanction Letter: Issued by the recognised financial institution.
Loan Disbursement Proof: A bank statement or transaction record confirming the credit was received.
Depository Account Statement: If applicable to your situation.
NFDP Registration Acknowledgement: Proof of your registration on the platform.
Self-Declaration Form: As prescribed by the scheme guidelines.
Other Documents: Any additional documents that may be requested during the validation process.

FAQ’s

Who is eligible to apply for the one-time incentive under this fisheries support scheme?

You can apply if you are a fisheries microenterprise or an individual engaged in fisheries/aquaculture activities, have registered on the National Fisheries Digital Platform (NFDP), and have already taken institutional credit from a recognised financial institution.

Is registration on the National Fisheries Digital Platform mandatory to apply for this benefit?

Yes, you absolutely must be registered on the NFDP to be considered eligible for the one-time incentive offered under Component 1B.

What type of financial assistance is provided under this component of the scheme?

This component provides a one-time financial incentive to beneficiaries who have successfully obtained institutional credit for their fisheries/aquaculture activities. The amount is transferred directly via Direct Benefit Transfer (DBT).

Can I apply for this incentive if I haven’t taken a loan from a recognised financial institution?

No, taking institutional credit for fisheries-related activities from a recognised financial institution is a key requirement. You won't be eligible if you haven't availed such a loan.

What personal details are required during the NFDP registration process?

During NFDP registration, you'll need to provide your name (as it appears on Aadhaar), Aadhaar number, a valid mobile number, bank account details, contact information, your address, and details about your enterprise type.

Is there a requirement for the bank account to be linked with Aadhaar for receiving the incentive?

Yes, a valid Aadhaar-seeded bank account is essential because the incentive amount will be disbursed directly to this account through the Direct Benefit Transfer (DBT) system.

What documents are needed to prove loan sanction and disbursement?

You must submit the official loan sanction letter from your financial institution along with proof of disbursement, such as a bank transaction statement showing the credit has been received.

Is this incentive a recurring benefit or a one-time payment?

This is a non-recurring, one-time incentive. You can receive it only once for a specific eligible activity, and repeated claims for the same activity are not permitted.

How is the financial incentive transferred to beneficiaries?

The incentive amount is directly credited to the beneficiary’s verified bank account using the Direct Benefit Transfer (DBT) mechanism, ensuring a transparent and efficient transfer.

What is the purpose of providing this one-time incentive?

The main goal is to encourage fisheries microenterprises and individuals to adopt formal credit systems and to support their capacity to repay these loans, thereby formalising the sector.

Is there any performance benchmark required to receive the incentive?

No, the incentive is not linked to any performance benchmarks after the loan is sanctioned and disbursed. Your eligibility is based on availing the institutional credit.

What is the first step to apply for the incentive on the NFDP portal?

The very first step for new users is to register on the NFDP website. You'll need to provide your mobile number, verify it with an OTP, and then set up a password to create your account.

Which documents must be uploaded during the application process?

You need to upload documents like your Aadhaar card, bank passbook, the loan sanction letter, proof of loan disbursement, your NFDP registration acknowledgment, and a self-declaration form. Other documents might be requested too.

Who reviews and approves the submitted applications?

Your applications will be reviewed by Credit Intermediaries and then by the Department of Fisheries. The final approval for the incentive rests with the Project Management Unit (PMU) of the scheme.

How can I track the status of my application after submission?

You can easily track your application status by logging into the NFDP portal. Navigate to the 'My Applications' section where you can see updates like 'Submitted', 'Under Review', 'Approved', 'Rejected', or 'Disbursed'.