Context:
Department of Fisheries organised a meeting to discuss the recently implemented Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY):
- A sub scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY)
- Objectives –
- Formalisation of the unorganised fisheries sector through self-registration of fishers, fish farmers and supportive workers under a National Fisheries Sector Digital Platform (NFDP).
- Facilitating access to institutional financing for fisheries sector through micro and small enterprises.
- Providing a one-time incentive to beneficiaries for purchasing aquaculture insurance.
- Incentivising adoption and expansion of safety and quality assurance systems for fish, and fishery products and maintenance of jobs.
- Intended Beneficiaries –
- Fishers, Fish (Aquaculture) Farmers, fish workers, vendors, and other stakeholders in the fisheries value chain.
- Micro and Small enterprises – proprietary firms, partnership firms, cooperatives, federations, startups, Fish FPOs (FFPOs) and more engaged in fisheries and aquaculture.
- FFPOs also include Farmers Producer Organizations (FPOs).
- Any other beneficiaries that may be included by the Department of Fisheries as targeted beneficiaries.
- Implemented as Central Sector Scheme
- Ministry – Ministry of Fisheries, Animal Husbandry and Dairying
- Tenure – 4 years (FY 2023-24 to FY 2026-27) – implemented across all states and union territories
- Funding allocation – 50% covered through public finance including the World Bank) and the other 50% through the private sector leverage
Read more about: Pradhan Mantri Matsya Sampada Yojana
Source: PIB
Previous Year Question
Under the Kisan Credit Card Scheme, short-term credit support is given to farmers for which of the following purposes?
1. Working capital for maintenance of farm assets
2. Purchase of combine harvesters, tractors and mini trucks
3. Consumption requirements of farm households
4. Post-harvest expenses
5. Construction of family house and setting up of village cold storage facility
Select the correct answer using the code given below:
[UPSC Civil Service Exam – 2010 Prelims]
(a) 1, 2 and 5 only
(b) 1, 3 and 4 only
(c) 2, 3, 4 and 5 only
(d) 1, 2, 3 and 4
Answer: (b)
Explanation:
The scheme does not cover consumption requirements of farm households and the construction of family house and setting up of village cold storage facility as they are long-term investment rather than short-term credit support.