PM-MKSSY Fishermen Formalization — Quick Overview
| Scheme Name | PM Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) 2026 — ₹3 Lakh Kisan Credit + Micro Insurance | Fishermen Scheme |
| Launched By | Government of India |
| Launch Year | 2024 |
| Benefit | KCC ₹3 lakh at 4% interest + micro-insurance ₹1-2 lakh + digital identity on PM FishNet + performance grants for fish production |
| Category | Agriculture |
| Last Verified | 3 May 2026 |
| Official Portal | https://pmmsy.dof.gov.in |
What is PM-MKSSY Fishermen Formalization?
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) is a new central scheme launched in Budget 2024-25 specifically for the formalization and welfare of fishermen and fish farmers. Key benefits: Kisan Credit Card (KCC) for fishermen — ₹3 lakh credit at 7% (effective 4% with subvention); micro-insurance of ₹2 lakh for boat owners and ₹1 lakh for non-boat fishermen; onboarding on PM FishNet digital platform for identity and market access; and performance grants for fish production. Target: 4 crore fishermen and 7.5 lakh fish farmers. Part of PM Matsya Sampada Yojana ecosystem.
Under this scheme, eligible beneficiaries receive KCC ₹3 lakh at 4% interest + micro-insurance ₹1-2 lakh + digital identity on PM FishNet + performance grants for fish production. The scheme was launched in 2024 and is implemented by the Government of India.
PM मत्स्य किसान समृद्धि सह-योजना (PM-MKSSY) Budget 2024-25 की नई मछुआरा औपचारीकरण scheme है। Fishermen KCC: ₹3 लाख 4% effective interest। Micro-insurance: ₹2 लाख (boat owner) / ₹1 लाख (non-boat)। PM FishNet digital ID। 4 करोड़ मछुआरे + 7.5 लाख fish farmers target।
Fishermen KCC ₹3 लाख 4% interest + micro-insurance ₹1-2 लाख + PM FishNet digital ID + production performance grants
Benefits of PM-MKSSY Fishermen Formalization
KCC ₹3 lakh at 4% interest + micro-insurance ₹1-2 lakh + digital identity on PM FishNet + performance grants for fish production
Who is Eligible for PM-MKSSY Fishermen Formalization?
- ✓Fisherman or fish farmer engaged in capture fisheries or aquaculture
- ✓Registered on PM FishNet / National Fisheries Digital Platform
- ✓KCC: Active fishing/fish farming with land/water body or boat documents
- ✓Micro-insurance: Any active fisherman — boat owner or non-boat
- ✓Indian citizen with valid fishing licence / coastal fisheries registration
- ✓Aadhaar-linked bank account
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Documents Required for PM-MKSSY Fishermen Formalization
How to Apply for PM-MKSSY Fishermen Formalization Online?
- 1Visit the official portal at https://pmmsy.dof.gov.in
- 2Click on Apply Now or Register button on the homepage
- 3Enter your Aadhaar-linked mobile number and verify OTP
- 4Fill in the online application form with required details
- 5Upload the required documents including Aadhaar and bank passbook
- 6Review all details and submit the application
- 7Note down the application reference number for future tracking
- 8Wait for verification and approval from the concerned authority
Official Government Portal
Apply directly on the official government website. This is the only authorised portal — never pay anyone to apply on your behalf.
🔗Apply on pmmsy.dof.gov.inFrequently Asked Questions — PM-MKSSY Fishermen Formalization
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