Financing growth & transforming rural India.

Bank of Baroda, for rural India, with rural India.

Scheme for Financing Pradhan Mantri Matsya Sampada Yojana (PMMSY)

Particulars Guidelines under the scheme


A scheme for sustainable development of fisheries sector.

Eligible Projects/projects envisaged under PMMSY

Beneficiary oriented sub-components Activities under centrally sponsored components of Pradhan Mantri Matsya Sampada Yojana which includes:

  • Development of Inland Fisheries and Aquaculture
  • Development of Marine fisheries including Mariculture and seaweed cultivation
  • Development of fisheries in North-Eastern and Himalayan States/Union Territories
  • Development of ornamental recreational fisheries.
  • Technology Infusion Adaptation
  • Post-harvest and cold chain infrastructure
  • Market/Marketing Infrastructure
  • Development of deep-sea fishing vessels for traditional fishermen.
  • Aquatic health Management
  • Monitoring, Control and Surveillance (MCS)
  • Strengthening of safety and security of fishermen

Eligible beneficiaries

Fishers, fish farmers, fish workers and fish vendors, fisheries development corporations, SHGs/JLGs in the fisheries sector, fisheries cooperatives, fisheries federations, entrepreneurs and private firms (i.e., sole proprietorship, partnership, LLP companies, and co-operative societies etc.), fish farmer produce organizations/companies.

Type of Facilities

  • Cash Credit
  • Overdraft
  • Demand Loan
  • Term Loan
  • LC BG


Need-based finance



Rate of Interest

For limit up to Rs 2 crores: One Year MLCR + 100 basis point.
For limits above Rs. 2 crores: Rate of interest ranging from MCLR + SP +0.30% p.a. to MCLR + SP +2.25% p.a. based on internal credit rating and immovable security coverage) (MCLR - One year MCLR being 7.45% at present).


  • Hypothecation of movable structures/equipment/machinery/purchased or created out of banks finance
  • Mortgage of fixed assets land and buildings
  • Hypothecation of stock and book debts
  • Personal guarantee of proprietors/partners/promoters/directors etc.
  • Charge on fixed and current assets created out of bank finance
  • Any other security acceptable top bank

Loan tenure Repayment

For term loan to be repayable in 3-15 years (including moratorium of a minimum of 6 months and maximum of 2 years period)
Repayment: Monthly/quarterly/half-yearly/yearly based on the cash flow of the project.

Credit Guarantee

Credit Guarantee coverage will be available for loan up to Rs. 2 crores (Projects covered under MSMED Act 2006 will be eligible).


Centrally Sponsored Scheme (CSS): In case of Beneficiary orientated i.e., individual /group activities sub-components/activities under CSS component to be implemented by the states/Union Territories. The government financial assistance of both centre state/ Union Territories together will be limited to 40% of the project/unit cost for general and 60% for SC/ST/Women.

Related products

  • New Scheme for Tractor

  • Advances to Food Agro Based Units Under Agriculture

  • Agriclinics Agribusiness Centres by Agriculture Graduates

  • Scheme for Financing Farm Development Activities

  • Baroda Animal Husbandry and Fisheries Kisan Credit Card (BAHFKCC) Scheme

  • Baroda Kisan Credit Card (BKCC)

  • Baroda Kisan Tatkal Loan Scheme

  • Baroda Sanitation Scheme

  • Construction Of Storage Structure Projects

  • Cultivation of Crops (Excluding Plantation and Horticultural Crops)

  • Financing Against Warehouse Receipt

  • Financing Agencies Providing Custom Services To Farmers

  • Financing Construction of Farm Buildings Structures

  • Financing Development of Dairy, Poultry, Fishery, etc.

  • Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs)

  • Financing Four Wheeler Loans to Farmer

  • Financing Irrigation

  • Financing of Joint Liability Groups

  • Financing Protected Cultivation projects (Green House/Poly House/Shade Net House/Plastic tunnels & Walk in tunnels/Anti-bird/Anti-hail nets/plastic mulching/Hydroponics/Aquaponics and Aeroponics etc)

  • Financing Tractors and Heavy Agriculture Machinery

  • Financing Under Self Help Groups (SHGs)

  • Installation of Gobar Gas/Biogas Plants

  • Installation of Solar Home Lighting Systems

  • Lending to Agriculture Other Priority Sectors demand loan for financing against

  • Loan for Installation of Solar Photovoltaic Pump Sets

  • Overdraft Scheme for Working Capital Assistance to the Food Agro Processing Unit

  • Scheme for Financing Mini Dairy Units

  • Scheme for Financing NBFC-MFIs

  • Scheme for Financing under Agriculture Infrastructure Fund

  • Scheme for Purchase of Agriculture Land

  • Shahari Bagwant Yojna

  • Silos/Godowns for Storage of Agriculture Produce

  • Two Wheelers (Motorcycle/Scooter) Loan to Farmer

  • Warehouse/Storage Receipts to Food and Agro Unit Enjoying Credit Facility with our Bank

  • Planters Card Scheme

  • Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod)

  • Pradhan Mantri Kisan Urja Suraksha Evam Uthaan Mahabhiyaan (PM-KUSUM Scheme)

  • Purchase of Estates/Orchards Growing Traditional Plantation Crops

  • Scheme for Development of Horticulture

  • Scheme for Financing Compressed Biogas (CBG)

  • Scheme for Financing Facility under PM Formalization of Micro Food Processing

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