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Latest World News Update > Blog > National > Cabinet approves Rs 1 lakh crore for PM Rashtriya Krishi Vikas Yojana and Krishonnati Yojana to boost food security and sustainable agriculture – World News Network
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Cabinet approves Rs 1 lakh crore for PM Rashtriya Krishi Vikas Yojana and Krishonnati Yojana to boost food security and sustainable agriculture – World News Network

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Last updated: October 3, 2024 12:00 am
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New Delhi [India], October 3 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday, approved the PM Rashtriya Krishi Vikas Yojana (PM-RKVY) and the Krishonnati Yojana (KY) to enhance food security and promote sustainable agriculture, with a combined expenditure of over Rs 1 lakh crore, a press release said.
The release said, “The Union Cabinet chaired by PM Modi, today approved the proposal of the Department of Agriculture & Farmers Welfare (DA&FW) for rationalization of all Centrally Sponsored Schemes (CSS) operating under Ministry of Agriculture and Farmers into two-umbrella Schemes viz. Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY), and Krishonnati Yojana (KY).”
PM-RKVY will promote sustainable agriculture, while KY will address food security and agricultural self-sufficiency. All components shall leverage technology to ensure efficient and effective implementation of the various components, the release added.
The PM-RKVY and Krishonnati Yojana (KY) will be implemented with the total proposed expenditure of Rs 1,01,321.61 crore. These schemes are implemented through the state governments.
This exercise ensures that all the existing schemes are being continued. Wherever it was considered necessary to give a fillip to any area for the farmer’s welfare, the scheme has been taken up in mission mode, for example, the National Mission for Edible Oil-Oil Palm [NMEO-OP], the Clean Plant Programme, Digital Agriculture and the National Mission for Edible Oil-Oil Seeds [NMEO-OS].
The scheme Mission Organic Value Chain Development for North Eastern Region (MOVCDNER), a component under the KY, is being modified by adding a component namely MOVCDNER- Detailed Project Report (MOVCDNER-DPR), which will provide flexibility to the North Eastern states to address critical challenges.
The release said, “By rationalization of the schemes, the states are allowed to prepare a Comprehensive Strategic Document on the Agriculture Sector of the State holistically. The Strategic Document focuses not only on the production and productivity of the crops but also tackles the emerging issues of Climate Resilient Agriculture and the development of a value chain approach for agricultural commodities. These plans are envisaged to articulate the overall strategy and the schemes/programs, linked with the objectives flowing from the strategic framework.”
The rationalisation of various schemes has been undertaken to avoid duplication, ensure convergence, provide flexibility to states and focus on emergent challenges of Agriculture – Nutrition security, Sustainability, Climate resilience, value chain development and private sector participation, it added.
State governments will be able to draw up a comprehensive strategic plan suiting their requirements for the agriculture sector and the Annual Action Plan (AAP) of States can be approved in one go rather than approving individual scheme-wise AAPs.
One important change is to provide, in PM-RKVY, the state governments the flexibility to reallocate funds from one component to another based on their state-specific requirements.
Out of the total proposed expenditure of Rs 1,01,321.61 crore, the projected expenditure towards a central share of DA&FW is Rs 69,088.98 crore and the state share is Rs 32,232.63 crore. This includes Rs 57,074.72 crore for RKVY and Rs 44,246.89 crore for KY, the release said further. (ANI)

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