Aquaculture Insurance Scheme
Aquaculture Insurance Scheme
The Department of Fisheries, Ministry of Fisheries Animal Husbandry and Dairying is implementing a new Central Sector Sub-scheme namely the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) under the ongoing Pradhan Mantri Matsya Sampada Yojana (PMMSY) for a period of four years from FY 2023-24 to FY 2026-27 at an estimated outlay of ₹6000 crore.
The Department of Fisheries, Ministry of Fisheries Animal Husbandry and Dairying has developed and made operational the National Fisheries Digital Platform (NFDP) under PM-MKSSY on 11.09.2024. The NFDP aims at formalization of the Indian fisheries and aquaculture sector through creation of work-based digital identities and the database for all stakeholders in fisheries sector. It also serves as ‘one-stop’ solution for access to institutional credit, strengthening of fisheries co-operatives, incentivizing aquiculture insurance, performance-based incentives, fisheries’ traceability systems and training and capacity building.
The PM-MKSSY under its component 1-B provides for one-time incentive for purchase of aquaculture insurance by the farmers. The one-time incentive for aquaculture insurance is provided at the rate of 40% of the premium paid with a ceiling up to ₹25,000 per hectare, limiting ₹1 lakh per farmer for farms upto 4 hectares Water Spread Area (WSA). For the intensive aquaculture system including intensive systems like cage culture, RAS, bio-floc, and raceways etc. incentive for aquaculture insurance is provided at the rate of 40% of the premium paid with a ceiling up to ₹1 lakh per farmer for 1800 m3 for intensive aquaculture systems. Further, the SC/ST and women beneficiaries get an additional 10% of incentive. As on date, 684 lead applications have been received on the NFDP including 58 from Uttar Pradesh and the same have been forwarded to the insurance companies on the portal. Further, a total of 29 aquaculture farmers have applied for one-time incentive under PM-MKSSY on NFDP and 8 aquaculture farmers have availed the benefit of one-time incentive. The State and District-wise details alongwith the premium amount are furnished at Annexure-I. A total of 85 awareness camps has been conducted and the state-wise details are furnished at Annexure-II.
Annexure-I
Sl. No
Year
Name of the State
District
No. of Farmers Covered
Covered Farm area (ha)
Premium amount
1
2024-25 & 2025-26
Andhra Pradesh
West Godavari
4
14.01
4,01,754.25
2
Krishna
3
11.56
3,52,864.42
3
Eluru
2
30.38
7,91,075.99
4
Nellore
1
1.21
45,100.00
5
Guntur
1
1.01
57,737.40
6
2024-25 & 2025-26
Tamil Nadu
Nagapattinam
5
7.24
2,19,253.00
7
Chennai
2
7.28
8,20,892.00
8
Pudukottai
3
7.21
2,93,794.00
9
Thanjavur
2
5.42
2,09,077.00
10
2025-26
Odisha
Bhadrak
1
0.40
30,737.02
11
Kendrapara
1
0.40
21,522.92
12
2025-26
Puducherry
Puducherry
1
3.89
4,77,116.00
13
2024-25
Telangana
Hyderabad
1
1.51
72,208.92
14
2025-26
Mizoram
Mamit
2
8.00
37,93,132.92
29
99.52
75,86,265.84
Sl. No
Year
Name of the State
District
No. of Farmers Covered
Covered Farm area (ha)
Premium amount
OTI Amount
1
2024-25 & 2025-26
Andhra Pradesh
West Godavari
2
3.96
89,780.66
37694.97
Krishna
2
6.8
185735.71
74294.79
2
2024-25 & 2025-26
Tamil Nadu
Nagapattinam
2
3.23
95596.00
38238.40
Thanjavur
2
5.42
2,09,077.00
83630.80
Total
8
19.41
380,191.37
233858.96
Annexure-II
State-wise details of the camps organized
Sl. No
Name of State
Number of Awareness Camps Organised
1
Madhya Pradesh
3
2
Kerala
6
3
Karnataka
4
4
Lakshadweep
2
5
Telangana
3
6
Bihar
3
7
Nagaland
1
8
Assam
5
9
Haryana
1
10
Uttar Pradesh
6
11
Rajasthan
4
12
Tamil Nadu
8
13
Manipur
10
14
Mizoram
4
15
Meghalaya
4
16
Arunachal Pradesh
2
17
Sikkim
4
18
Jammu & Kashmir
3
19
Ladakh
1
20
Odisha
11
Total
85
This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 19th August, 2025.
- State-wise and District-wise details of the One-Time Incentive applications received