PMMSY — Pradhan Mantri Matsya Sampada Yojana
Dept of Animal Husbandry & Dairying (DAHD) · Central government
A capital subsidy of 40%–60% funds fisheries, aquaculture and marine infrastructure projects.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Not specified
- Instrument
- Subsidy
- Deadline
- Rolling
About this scheme
₹20,050 crore scheme for the fisheries sector, running from 2020 to 2026. The subsidy covers 40% of the project cost for the General category and 60% for SC, ST, and Women applicants.
The scheme supports a range of activities: aquaculture ponds, biofloc units, hatcheries, brood banks, cage culture, seaweed farming, fishing vessels, cold chain infrastructure, ice plants, fish feed mills, fish processing and value-addition, and retail fish kiosks.
Who can apply
- Eligible business forms
- Not specified
- Udyam registration
- Not specified
- MSME registration
- Not specified
- DPIIT startup recognition
- Not specified
- GST registration
- Not specified
- Where the business may be based
- Not restricted
- Fishers, fish farmers, fish workers/vendors, entrepreneurs, SHGs, women SHGs, cooperatives, FFPOs and private firms in fisheries & aquaculture. - Both individual and group beneficiaries.
How to apply
- Go to the PMMSY portal at pmmsy.dof.gov.in and complete beneficiary registration. - Alternatively, get in touch with your State Fisheries Department or the District Fisheries Officer. - Draft a project proposal that includes the activity type, projected expenditure, and particulars of the land or water body. - File the application with identity papers, evidence of land or lease rights, and bank account information. - The state government assesses and forwards suitable projects to the central government. - Once sanctioned, the subsidy is disbursed in instalments tied to project milestones.
Frequently asked questions
What is PMMSY?
Pradhan Mantri Matsya Sampada Yojana (PMMSY) is a ₹20,050 crore programme (2020–26) that provides subsidised capital assistance for aquaculture, fishing infrastructure, cold chains, processing, and value-addition in the fisheries sector.
Who is eligible?
Fishers, fish farmers, fish workers and vendors, entrepreneurs, Self Help Groups (SHGs), women SHGs, cooperatives, Fish Farmer Producer Organisations (FFPOs), and private firms in fisheries and aquaculture are eligible. Both individuals and groups may apply.
What is the subsidy amount?
40% of the project cost is covered for General category beneficiaries, while SC/ST/Women beneficiaries receive 60% coverage. The beneficiary is responsible for funding the remaining portion.
What activities are covered?
Aquaculture ponds, biofloc units, hatcheries, brood banks, cage culture, seaweed farming, fishing vessels, cold chain infrastructure, ice plants, fish feed mills, fish processing and value-addition units, and retail fish kiosks are eligible.
Is equity taken?
No. PMMSY offers capital subsidies that do not require repayment, and it does not take an equity stake in your business.
How do I apply?
Applications are submitted through the PMMSY portal at pmmsy.dof.gov.in or via your State Fisheries Department, with all applications routed through the respective state government.
Sectors
- Agri Food Rural
Details last verified on 3 August 2026. Source: the issuer's published information.