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The Sub-scheme will be implemented as a Central Sector Sub-scheme under the Central Sector Component of the PMMSY at an estimated outlay of Rs.6,000 crore consisting of 50% i.e. Rs.3,000 crore public finance including the World Bank and the AFD external financing, and rest 50% i.e.Rs.3,000 crore being the anticipated investment from the beneficiaries/private sector leverage. It will be implemented for 4 (four) years from FY 2023-24 to FY 2026-27 across all the States and UTs.

Union Finance Minister Nirmala Sitharaman announced allocation of an amount of Rs 2248.77 crore as against the corresponding figure of Rs 1624.18 crore during 2022-23 and Rs 1360 crore during 2021-22 for the Department of Fisheries while presenting the Union Budget for FY 2023-24.

Presenting the budget for FY 2023-24, Union Finance Minister, Smt Nirmala Sitharaman has announced

Get latest articles and stories on India at LatestLY. Union Finance Minister Sitharaman also announced a new sub-scheme named Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY): Central Sector Sub-scheme under PMMSY with targeted investment of Rs 6,000 crore with the objective to enhance further the earnings and incomes of fishermen, fish vendors and micro and small enterprises engaged in fisheries sector. India News | Fisheries Budget Increased by 38.45 Pc, Amount of Rs 2248.77 Cr Allocated for FY 2023-24.