The Union government is encouraging aquaculture insurance under PM-MKSSY (Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana) by offering a 40% incentive on premiums. India achieved its highest-ever fish output of 19.8 million tonnes in 2024–25, making it the world's second-largest fish producer with about 8% of global production. Aquaculture, including carp, shrimp, prawn, cage and marine farming, provides over 74% of the total. Of about 14.1 lakh hectares of brackish-water area, only around 17% is developed. India also has 1.95 lakh km of rivers and canals, 31.5 lakh hectares of reservoirs and 22.1 lakh hectares of ponds and tanks.