Page 48 - BANKING FINANCE MARCH 2024

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In case of Individual or Group activities, it is to be implemented by State / (viii)Entrepreneurs and private firms
Union Territories and financial assistance of both Centre and State / Union (ix) Fish Farmers Producer
Territories together will be limited to 40% of the unit cost for General
Organisations / Companies (FFPOs
category and 60% of the unit cost for SC / ST / Women beneficiaries.
/ Cs)
Under "Livelihood and nutritional support for socio economically backward,
(x) SCs / STs / Women / Differently
active traditional fishers' families for conservation of fisheries resources abled persons
during fish ban / lean period" Governmental assistance of Rs 3000 per annum
(xi) State Governments / UTs & their
per enrolled beneficiary will be provided.
entities including
Each enrolled beneficiary under this component is required to contribute Rs.1500 (xii) State Fisheries Development
annually. The sharing funding pattern for this activity under the Pradhan Mantri Boards (SFDB)
Matsya Sampada Yojana is summarized as below: (xiii)Central Government & its entities
States / UTs Funding pattern Contribution
Eligibility
General States 50:50 Centre & Centre share Rs.1500
General States State share Rs.1500 Applicants having own land. Please note
Beneficiary share Rs.1500 that beneficiary is required to acquire
Total Rs.4500/- year necessary land at their own cost and
complete all processes. In case of
North-East & 80:20 Centre and Centre share Rs.2400
Himalayan States NE & Himalayan State share Rs.600 leased land, it should be for a minimum
period of 10 years from the date of
States Beneficiary share Rs.1500
submission of Detailed project report
Total Rs.4500/- year
should obtain necessary clearance /
Union Territories 100% as Centre Centre share Rs.3000
permission required for the project
share for UTs Beneficiary share Rs.1500
should not have availed similar
Total Rs.4500/-year
assistance / subsidy for any similar
activity under any Government
The accumulated amount of Rs.4500/- indicated above would be disbursed to
sponsored scheme.
enrolled beneficiary by the respective states/UTs at the rate of Rs.1500/- per
month for a period of 3 months every year during the fishing ban/lean period.
Funding pattern / Subsidy
The scheme is back-end subsidy linked
For implementation of the Pradhan Mantri Matsya Sampada Yojana over a period
with the bank loan. The eligible project
of five years from the financial year 2020-21 to FY 2024-25, a total investment
cost for activities covered under
of Rs.20,050 crores comprising of (a) Central share of Rs.9,407 crores, (b) State
Pradhan Mantri Matsya Sampada
share of Rs 4,880 crores and (c) Beneficiaries share of Rs. 5,763 crores have been
Yojana will be restricted to the Unit cost
estimated.
subject to a maximum of Rs.5 crores.
Entrepreneur model under Pradhan Mantri Matsya Sampada Yojana Fund should be released in three
(i) Fishers instalments in the proportion of 20: 50:
30.
(ii) Fish farmers
(iii) Fish workers and Fish vendors Essential elements to be included in the
project report
(iv) Fisheries Development corporations
Feasibility studies to assess the
(v) Self Help Groups / Joint Liability Groups in fisheries sector demand and supply gaps
(vi) Fisheries cooperatives Bio security and environmental

(vii) Fisheries Federations concerning issues

44 | 2024 | MARCH | BANKING FINANCE