Facts for Prelims (FFP)
Source: IE
Context: The Indian Cabinet has approved the “Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY),” a central sector sub-scheme under the Pradhan Mantri Matsya Sampada aimed at formalizing the fisheries sector and supporting micro and small enterprises within it.
Key Highlights of the scheme:
| Feature | Details |
| Investment | Over Rs 6,000 crore investment over the next four years (2023-24 to 2026-27) across all States and Union Territories. |
| National Fisheries Digital Platform | Creation of a platform to provide work-based identities to 40 lakh small and micro-enterprises. |
| Extension of FIDF | Extension of Fisheries and Aquaculture Infrastructure Development Fund (FIDF) for another three years until 2025-26. |
| Bilateral MoUs | Approval for the International Financial Services Centres Authority (IFSCA) to sign three Bilateral MoUs with financial regulatory bodies in Mauritius, Kuwait, and Bangladesh. |
| Funding | Funding from public finance, including external financing from the World Bank and AFD, as well as private sector leverage. |
| Targeted Stakeholders | Targets various stakeholders in the fisheries value chain, including fishers, fish farmers, fish workers, fish vendors, and micro and small enterprises. |
