PMMSY - PM Matsya Sampada Yojana

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Although Honorable Prime Minister keeps inaugurating some government schemes every day, but recently another scheme has been launched called Pradhan Mantri Matsya Sampada Yojana. This scheme will help Fisherman to get loans up to Rs 3 lakh. Recently, the Central Government has approved this scheme and a package of about 20 thousand crores has also been prepared. About 55 lakh people are also expected to get new employment under this scheme.

PM Matsya Sampada Yojana has been launched on Thursday 10th September. The scheme has been launched earlier but the launch has now been done. Along with the employment, fish cryobanks will also be established in the country.

The Modi Government has launched a new scheme for fishermen. In this scheme, the government will spend about 20 thousand crores. Fishermen who do not have enough money to do fisheries properly, now there is good news for those fishermen , because the government has also issued packages for such people. The scheme has also been approved by the Union Cabinet under the chairmanship of the Prime Minister. The scheme has been implemented for the next five years i.e from 2020-2021 to 2024-2025. This scheme has been implemented in all the states and union territories.


Objective of PMMSY:-



The objective of this scheme is to promote aquatic organisms and products. The only objective of the government is to double the income of fishermen. This scheme can revolutionize the fisheries sector in the country and can also increase the income of fishermen.


These people will get benefits:-

  • People from Fishermen community have been included in this scheme.
  • Those who do or are planning to do aquaculture will also get the benefit of the scheme.
  • Fishermen who are facing natural calamities or have suffered due to disaster.
  • Such people who raise fish are also included in this scheme.
  • Along with this, those who cultivate other types of living creatures in the water will get the benefit of the scheme.


Benefits of PMMSY:-



The government has made a package of 20 thousand crores under Sampada Yojana. In this, there are good news for those people who want to cultivate fish farming and livelihood but are left behind or not able to do it due to lack of money. Now the government is giving them benefits to do their work. By joining this scheme, you can take a loan from the government and further your business.


Government will give the Loan:-

Government can give loans up to Rs 3 lakh to fishermen who want to raise fish or fisheries. To avail this loan, you should have a  Kisan Credit Card. This loan will help you in furthering your business. In fact, the government aims to increase the income of fishermen.


How much the Interest will be?

As you know, up to 7% interest is levied on KCC i.e Kisan Credit Card. But if you repay it from time to time, then you get about 4% of this interest. The government gives a separate rebate for those who repay the loan. 


How to apply for this Scheme?

As the scheme has been approved, but it is not yet known how to apply it. We will let you know as soon as its application starts.

Location: Delhi, India

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