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The Indian government, under the leadership of Prime Minister Narendra Modi, has taken a significant step towards strengthening the agricultural sector and ensuring food security with the approval of two major schemes: PM Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY). These initiatives, announced by the Union Cabinet on Thursday, October 3, 2024, are projected to receive a combined funding of over ₹1 lakh crore, demonstrating the government's commitment to promoting sustainable agricultural practices and guaranteeing sufficient food supplies for the nation.
PM-RKVY is specifically designed to promote sustainable agriculture practices, aiming to enhance productivity, reduce environmental impact, and ensure long-term viability of the sector. The scheme is expected to provide financial support for various initiatives, including the adoption of modern farming techniques, improved irrigation systems, soil health management, and promotion of organic farming. By empowering farmers with the tools and resources to adopt sustainable practices, the government aims to create a more resilient and productive agricultural ecosystem.
Krishonnati Yojana (KY), on the other hand, is focused on achieving food security for self-sufficiency. This scheme will address key challenges in the agricultural value chain, including post-harvest management, market access, and price volatility. It will also provide financial support for developing infrastructure for storage, processing, and transportation of agricultural produce, ensuring that farmers receive fair prices for their produce and minimizing wastage. By addressing these critical issues, the KY aims to create a robust and efficient food supply chain, ensuring a stable and reliable supply of food to the Indian population.
The approval of these two schemes signifies a comprehensive approach to strengthening the agricultural sector in India. By combining sustainable agricultural practices with robust food security measures, the government aims to empower farmers, boost agricultural productivity, and ensure food security for a growing population. This initiative is expected to have a significant impact on the livelihoods of millions of farmers and contribute to the overall economic prosperity of the country.
Source: Government approves two agri schemes with outlay of ₹1 lakh crore