Ministry of Fisheries, Animal Husbandry and Dairying, Government of India
PM Matsya Sampada Yojana (PMMSY) 2026 — ₹20,050 Crore Fisheries Development Scheme
Objective
Develop the fisheries sector in India sustainably, create infrastructure for fish production and processing, double the income of fishers and fish farmers, generate 55 lakh employment opportunities, and bring fisheries exports to ₹1 lakh crore by 2024-25.
Eligibility Criteria
- Fishers (traditional and inland fishers)
- Fish farmers
- Fish workers and fish vendors
- Self Help Groups (SHGs) involved in fisheries
- Fisheries cooperatives
- Fisheries development corporations
- State Fisheries Departments
- Fish Processing Enterprises and startups
- SC/ST and women fishers get 60% subsidy (general category gets 40%)
Benefits & Features
- 1Subsidy on fish farm infrastructure: 40% for general, 60% for SC/ST and women
- 2Financial assistance for fishing boats, nets, and equipment
- 3Cold chain and fish processing infrastructure support
- 4Fish feed units and fish seed hatchery support
- 5Insurance cover for fishers: ₹5 lakh accident cover for fishers at sea
- 6Kisan Credit Card (KCC) extended to fishers and aquaculture farmers
- 7Support for seaweed cultivation, ornamental fisheries, and deep-sea fishing
- 8Bio-toilet installation in fishing vessels support
Required Documents
- Aadhaar card
- Farmer / fisher registration or certificate from state fisheries department
- Bank account details
- Land documents or water body lease documents (for aquaculture)
- Project proposal/DPR (for infrastructure units)
- SC/ST certificate (if applicable, for higher subsidy)
How to Apply
Official Portal & Helpline
Get instant scheme updates — join our channels:
PM Matsya Sampada Yojana — Transforming India's Fisheries Sector
India is the third-largest fish-producing country in the world, with about 1.6 crore people working in fisheries and aquaculture. But their income remained low, infrastructure poor, and post-harvest losses high. PM Matsya Sampada Yojana (PMMSY) is the government's answer — a ₹20,050 crore investment to transform the sector over 5 years (2020–25).
Launched by PM Modi on September 10, 2020, PMMSY is the most significant fisheries scheme India has ever had.
Who Benefits
- Traditional marine fishers (sea fishers)
- Inland fishers (river, lake, reservoir)
- Aquaculture fish farmers (pond farming, cage farming)
- Fish seed producers (hatchery operators)
- Fish processors and fish feed manufacturers
- Fish vendors and retail traders
- Fisheries cooperatives and SHGs
Key Benefits and Subsidies
For individual fishers and fish farmers:
| Component | Subsidy — General | Subsidy — SC/ST/Women |
|---|---|---|
| Fish pond construction | 40% | 60% |
| Biofloc/RAS (advanced aquaculture) | 40% | 60% |
| Fishing boats and nets | 40% | 60% |
| Fish feed unit | 40% | 60% |
| Ice plant, cold storage, refrigerated vehicles | 40% | 60% |
| Fish kiosks and retail outlets | 40% | 60% |
Accident Insurance for Fishers:
- Fishers working at sea get ₹5 lakh accident cover and ₹25 lakh accidental death cover under the scheme framework
- Group accident insurance provided at low or zero cost
Kisan Credit Card for Fishers:
- The KCC facility has been extended to fishers and aquaculture farmers
- Working capital for fishing operations at concessional interest rates
Special Focus Areas
Seaweed Cultivation: Financial assistance to develop India's seaweed farming sector, with high export potential.
Ornamental Fish: Support for setting up ornamental fish (aquarium fish) breeding and rearing units — a high-income niche.
Deep Sea Fishing: Assistance for larger, ocean-going fishing vessels to access deeper waters and higher-value marine catch.
Fish Processing: Cold chain infrastructure — ice plants, cold rooms, refrigerated transport vans — to reduce post-harvest losses.
How to Apply
PMMSY is implemented state by state through the State Fisheries Department. The central government releases funds to states, and states identify and support eligible beneficiaries.
Step 1: Visit your district's Fisheries Development Officer (FDO) or the District Fisheries Office Step 2: Ask about the components available for your type of activity (marine fishing, pond aquaculture, fish processing, etc.) Step 3: Submit your application with documents — the FDO will guide you on what project report to prepare Step 4: Application is reviewed, subsidy is approved, and you receive the assistance either as direct bank transfer or reimbursement
You can also visit pmmsy.dof.gov.in for the full list of components, subsidy rates, and state nodal officer contacts.
Quick Links
- Official Website: pmmsy.dof.gov.in
- Ministry: dof.gov.in
- Helpline: 1800-425-1660 (toll-free)