MMKY - Reactivation of Fisheries Cooperative Societies

The scheme “MMKY–Reactivation of Fisheries Cooperative Societies” was launched by the Directorate of Fisheries, Government of Odisha. It aims to provide one time revolving fund to eligible Primary Fishermen Cooperative Societies at ₹2.00 lakh each for working capital of the society and improvement of the socio-economic status of the members in the long run. Through this scheme, a one-time revolving fund of ₹2.00/- lakh is provided to eligible Primary Fishermen Cooperative Societies. The scheme is implemented by the Directorate of Fisheries through the respective District Fisheries Officer. The revolving fund is deposited in the bank account of the society and operated jointly by the President or Secretary of the concerned society and the District Fisheries Officer-cum-Assistant Registrar of Cooperative Societies. The fund is utilized for fisheries-related activities and for providing loans to members as per operational guidelines. The assistance is provided as a State Plan scheme.

Objectives

1. To provide one time revolving fund to eligible Primary Fishermen Cooperative Societies for the improvement of the working capital of the society.
2. To improve the socio-economic status of the members of the Primary Fishermen Cooperative Societies in the long run.

1. A one-time revolving fund of ₹2.00/- lakh is provided per eligible Primary Fishermen Cooperative Society.

2. The fund is used for working capital of the society and for the improvement of the socio-economic status of members.

3. The fund may be utilized for raising fingerlings in captive nurseries, fish business, fish culture in reservoirs or Gram Panchayat tanks, purchase of nets, repairing of boats of the society, or other fisheries-related business activities.

   Note: No fixed assets are permitted to be purchased using the revolving fund.

4. 50 Primary Fishermen Cooperative Societies will benefit during the year.

5. Credit support is extended to members from the revolving fund for socio-economic development, subject to conditions.

6. Loan Limits and Interest (Conditioned Benefit):

- Maximum loan per member: ₹5,000/-


- Overall loan ceiling from fund: Up to ₹1.00/- lakh


- Interest rate:



     1. 4% per annum if repaid within one year
     1. 12% per annum if repayment exceeds one year



- The recovered amount is deposited back into the Joint Account.

Disbursement of Funds:

1. The one-time assistance of Funds are transferred by the Director of Fisheries, Odisha, to the joint account of the President and Secretary of the Primary Fishermen Cooperative Society through Direct Benefit Transfer / National Electronic Funds Transfer / Real Time Gross Settlement.
2. After approval of the selected list by the Collector-cum-District Magistrate or Additional District Magistrate and sanction by the Director of Fisheries, Odisha.

1. The applicant must be a Primary Fishermen Cooperative Society based in the state of Odisha.
2. The applicant Society must be active.
3. The applicant must have completed at least 1 year from the date of registration under the Odisha Cooperative Societies Act, 1962, and be in working condition.
4. The applicant must not have availed a revolving fund earlier.
5. The applicant must conduct the Committee of Management meeting and Annual General Body meeting in time as per the Odisha Cooperative Societies Act, Rules framed thereunder, and the Bye-laws of the Society.
6. The applicant must have last one year audited balance sheet with Profit Loss account of the society from Assistant Grade Cooperative Societies, empanelled Chartered Accountant firms, or auditors.
7. The applicant must have paid the government lease value of the reservoir or pond, if taken on lease, as per the rules.

Offline

Step 1: The scheme is advertised through the Departmental website, newspapers, and wall posters displayed at the District Fisheries Offices and Block Fisheries Offices across the state to invite applications from eligible Primary Fishermen Cooperative Societies.
Step 2: Interested and eligible Primary Fishermen Cooperative Societies are required to apply in the prescribed application format as specified in Annexure–I, which is titled “Application Form (Reactivation of Fisheries Cooperative Societies)”.
Step 3: The applicant Primary Fishermen Cooperative Society must fill in Annexure–I by providing details such as the name and address of the society, registration number, total number of members, details of the President and Secretary, details of resources used for fishing, fish culture or marketing activities, year of audit, date of the last General Body meeting, information on whether the revolving fund was availed earlier, and the purpose of availing the revolving fund. The form must also include a self-declaration signed by both the President and the Secretary, along with a self-attested passport-size photograph of the Secretary.
Step 4: The completed Annexure–I application form, along with all required supporting documents, must be submitted to the District Fisheries Officer of the concerned district. The documents to be attached include the Society Registration Certificate, Resolution Copy of the General Body Meeting of the PFCS for availing the revolving fund, last one year Audited Balance Sheet and Profit and Loss Account, receipt of payment of lease value in case of Reservoir based, Riverine or Marine PFCS, joint pass book of the President and Secretary with bank account number and IFSC, joint savings account details with the District Fisheries Officer along with account number and IFSC code, and Aadhaar copies of the President and Secretary of the PFCS.
Step 5: The applications submitted by the Primary Fishermen Cooperative Societies are verified by the Inspector of Cooperative Societies or Sub-Assistant Registrar of Cooperative Societies posted in the district. After verification, the applications are forwarded to the District Fisheries Officer-cum-Assistant Registrar of Cooperative Societies and the Assistant Registrar of Cooperative Societies, Chilika Circle, Balugaon.
Step 6: The list of selected Primary Fishermen Cooperative Societies is placed before the Collector-cum-District Magistrate or any officer authorized by the Collector and District Magistrate of the concerned district for approval.
Step 7: After approval by the Collector-cum-District Magistrate or Additional District Magistrate, the District Fisheries Officer or Assistant Registrar of Cooperative Societies, Chilika Circle, submits the eligible list of Primary Fishermen Cooperative Societies to the Director of Fisheries, Odisha, for sanction and release of funds.
Step 8: The Director of Fisheries, Odisha, sanctions the revolving fund and transfers the funds through Direct Benefit Transfer, National Electronic Funds Transfer, or Real Time Gross Settlement. The sanctioned amount is released to the joint bank account of the President and Secretary of the Primary Fishermen Cooperative Society, which is jointly operated with the District Fisheries Officer-cum-Assistant Registrar of Cooperative Societies or the Assistant Registrar of Cooperative Societies, Chilika Circle.

Note:

• Annexure–I is the only prescribed application format for this scheme available in the guidelines pdf.- The List of Documents Attached section at the end of Annexure–I must reflect all enclosures submitted.

1. Society Registration Certificate
   1. Resolution Copy of the General Body Meeting of PFCS for Availing Revolving Fund
   2. Last One Year Audited Balance Sheet and Profit-Loss Account
   3. Receipt of Payment of Lease Value (If Reservoir-Based / Riverine / Marine PFCS)
   4. Joint Pass Book of the President and the Secretary with Bank Account Number and IFSC
   5. Joint Savings Account with District Fisheries Officer with Account Number and IFSC
   6. Aadhaar Copy of the President and the Secretary of PFCS.