Scheme for Financing Pradhan Mantri Matsya Sampada Yojana (PMMSY)

• This Scheme valid for a period of 5 years from FY 2020-21 to 2024-25
• Need based funding looking at the requirement of the project/borrower.
• Low Processing Charges
• Credit Guarantee coverage will be available for eligible borrowers under Credit Guarantee Fund Trust (CGTMSE) scheme for loan upto Rs. 2 crore.
• Provisions for availing subsidy both from Centre & state/UTs together will be limited to 40% of the project/unit cost for general and 60% for SC/ST women.

Financing under this scheme will cover activities for sustainable development of fisheries sector as under:

• 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.

• KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
• Passport Size photo
• Land Record
• Quotation/Invoice (if available)
• IT Returns (if available)

Processing charges:

• Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil

For Working Capital (Fresh/Review)

Fund Based:

• Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250/- Lakh or part thereof +GST
• Above Rs 10 Lakhs- Rs 350/lakh or part thereof maximum Rs 35.00 Lakhs

Non Fund Based:

• 50% of charges Applicable for Fund Based Limit (Cap for Priority Sector Rs 17.50 lakhs and for exporters Rs 7.50 lakhs

For Term Loan

• Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs.

Inspection Charges:

• Agriculture exposure upto Rs. 3.00 Lakhs- Nil
• Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
• Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
• Above Rs 1 Crore - Rs 5000