Pradhan Mantri Matsya Kisan Samridhi Sah-Yojna launched by Union Minister for Fisheries

Current Context: The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojna (PM-MKSSY) was launched by Union Minister Rajiv Ranjan Singh on September 11, 2024.

• This scheme is a significant initiative under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) aimed at formalizing the fisheries sector and supporting micro and small enterprises in fisheries with an investment of over ₹6,000 crores over the next four years.
• The scheme focuses on:
• Formalizing the fisheries sector through a National Fisheries Digital Platform.
• Providing access to institutional credit for fisheries micro and small enterprises.
• Supporting aquaculture insurance and promoting safety and quality assurance systems for fish and fishery products.
• This initiative is expected to benefit fishers, fish farmers, fish workers, and vendors, along with various micro and small enterprises involved in the fisheries value chain.

Question:

1 What is the primary goal of the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojna?

• A) Promoting agriculture
• B) Formalizing the fisheries sector and supporting micro and small enterprises
• C) Providing loans for fish markets
• D) Establishing new ports for fisheries

Answer: B) The scheme aims to formalize the fisheries sector and provide institutional credit support for micro and small enterprises involved in fisheries.