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The Centre on Thursday approved the “Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)”.
A decision to this effect was taken by the Union Cabinet, which met under the chairmanship of Prime Minister Narendra Modi. The PM-MKSSY is a central sector sub-scheme under the Pradhan Mantri Matsya Sampada for formalisation of the fisheries sector and supporting fisheries micro and small enterprises. Under PM-MKSSY, an investment of over Rs 6,000 crore will be done over a period of next four years from financial year 2023-24 to 2026-27 in all States/Union Territories.
Union Information and Broadcasting Minister Anurag Singh Thakur said this is an attempt in the direction of formalisation of the fisheries sector. Under this initiative, a National Fisheries Digital Platform will be created to provide 40 lakh small and micro-enterprises work-based identities.
The Cabinet also approved extension of Fisheries and Aquaculture Infrastructure Development Fund (FIDF) for another three years up to 2025-26 within the already approved fund size of Rs 7,522.48 crore and budgetary support of Rs 939.48 crore.
The Union Cabinet also approved the proposal for signing of three Bilateral MoUs by International Financial Services Centres Authority (IFSCA) with Financial Services Commission Mauritius (FSC Mauritius), Capital Markets Authority, State of Kuwait (CMA Kuwait) and Bangladesh Securities and Exchange Commission (BSEC).
In a separate decision, the Cabinet Committee on Economic Affairs approved six projects of the Ministry of Railways with a cost of Rs 12,343 crore with 100% funding from the Centre.
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