Pradhan Mantri Matsya Kisan Samridhi Sah-yojana (PM-MKSSY): COMPONENT 1B: One-Time Incentive for the Adoption of Aquaculture Insurance
✓ Information verified — April 2026PM-MKSSY Component 1B is a central government scheme run by the Ministry of Fisheries, Animal Husbandry and Dairying. It provides a one-time financial incentive to fish farmers and aquaculture workers who take loans from banks or financial institutions for fisheries activities. The scheme aims to encourage farmers to adopt formal credit and insurance for their fish farming businesses, and helps them repay their loans more easily.
What You Get
- One-time incentive amount provided to eligible applicants
- Incentive given for those who have taken institutional credit (bank loans) for fisheries activities
- Support provided to help repay aquaculture and fisheries loans
- Encourages adoption of insurance for fish farming activities
Who Can Apply
- Age: 18–60 years
- Must be engaged in fisheries or aquaculture activities
- Must have availed institutional credit (bank loan or loan from financial institution) for fisheries-related work
- Applicant should be the borrower or co-borrower in the institutional credit account
- Should not have defaulted on previous loans
- Available to applicants across all Indian states
Documents Needed
0/6 collected
- 1. Aadhaar Card
- 2. Bank Loan Document
- 3. Fisheries License
- 4. Bank Passbook
- 5. Identity Proof
- 6. Address Proof
How to Apply
- 1Check your eligibility criteria above
- 2Gather all required documents listed below
- 3Visit the official portal (linked below)
- 4Fill the application form online / offline
- 5Submit the form and note your application reference number
- 6Track status on the official portal or visit nearest CSC
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Quick Facts
- Scheme Level
- Central Government
- Ministry
- Ministry of Fisheries,Animal Husbandry and Dairying
- Category
- Agriculture
- Target Gender
- All genders
- Age Group
- 18–60 years
- Application
- Check portal
- Last Updated
- 25 Apr 2026
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