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

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.

• The financial assistance is provided in the form of activity-based small grants to support engagement in fisheries and aquaculture-related enterprises.
• The financial assistance is disbursed directly to the verified bank accounts of the beneficiaries through the Direct Benefit Transfer (DBT) mechanism, ensuring transparency and timely credit.
• These grants are non-repayable, and are linked to the scale, nature, and viability of the proposed fisheries-related activities.
• In addition to financial support, beneficiaries also receive facilitation services through designated Credit Intermediaries, who provide handholding support for loan application preparation, documentation, follow-up with banks, and credit linkage.
• The scheme further ensures that capacity building and training interventions are extended to beneficiaries to help them navigate institutional financing systems.

*Funds are released post-approval of applications by PMU, Department of Fisheries.

• The applicant must be a fisheries microenterprise or individual operating in the fisheries/aquaculture value chain.
• The applicant must be registered on the National Fisheries Digital Platform (NFDP).
• The applicant must have a valid bank account linked with Aadhaar.
• The applicant must require institutional credit for fisheries-related activities.
• The applicant must submit the required documentation through the online portal.
• The applicant must agree to verification and validation processes as stipulated by the Department of Fisheries.

Online

The application process for availing benefits under Component 1-A of the PM-MKSSY is completely online and facilitated through the National Fisheries Digital Platform (NFDP). The following are the detailed and sequential steps involved in the application process:

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 Statement, Depository Account Statement, Activity Plan/Proposal, Self-Declaration.
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-A” section on the NFDP. Here, the applicant must fill out the form specifying: Proposed activity type, Estimated cost, Required credit amount, Supporting narrative justifying the loan requirement. 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. If found eligible, 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.