Aquaculture Insurance Scheme Launched by Ministry of Fisheries

The Ministry of Fisheries, Animal Husbandry & Dairying has initiated the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) to support aquaculture insurance for farmers. The scheme, with a budget of ₹6000 crore, offers a 40% premium incentive for insurance purchases, with additional benefits for SC/ST and women farmers. The National Fisheries Digital Platform (NFDP) has been established to streamline processes and enhance access to resources for stakeholders in the fisheries sector. Awareness camps have been conducted across various states to promote the scheme.

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