Central scheme
PM Matsya Sampada Yojana (PMMSY)
Department of Fisheries, through state fisheries departmentsAll India
40% subsidy (60% for SC, ST and women) on fish ponds, RAS, biofloc, boats and fish kiosks, with a bank loan for the rest.
What it is
PMMSY pays part of the cost of fish farming units. The rest comes from you and a bank loan at the bank's rate.
Bank of Baroda lends at MCLR + 1% for PMMSY units. Approved to 2025-26; later status not confirmed.
All IndiaCoverageDistrict fisheries officeApply atBank rateRate
Eligibility at a glance
Fishers and fish farmers
Fish vendors
SHGs, JLGs and fish FPOs
Entrepreneurs
Apply at: District fisheries office
Key facts
- Amount: Project-based
- Repayment: 3 to 15 years with a 6 to 24-month moratorium
- Security: Bank norms
!Information only, not financial or legal advice. Final terms are set by the lender. AgriFolk does not collect any fee.