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The Indian government, in a significant move towards bolstering agricultural development and ensuring food security, has approved two major schemes – PM Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY) – with an expenditure exceeding ₹1 lakh crore. This decision, announced by the Union Cabinet on October 3, 2024, signals a strong commitment to promoting sustainable agriculture and achieving self-sufficiency in food production.
The PM-RKVY scheme is specifically designed to foster sustainable agricultural practices across the country. It aims to address challenges related to resource conservation, climate change adaptation, and technological advancements in the agricultural sector. The Krishonnati Yojana, on the other hand, focuses on ensuring food security for the nation by addressing issues related to crop production, storage, and distribution.
This move to rationalize all centrally sponsored schemes operating under the Ministry of Agriculture into these two umbrella schemes signifies a shift towards a more streamlined and focused approach. This consolidation is expected to enhance efficiency in implementation and resource allocation, ultimately leading to greater impact and positive outcomes for the agricultural sector.
The government's decision to allocate such a substantial sum to these schemes highlights the crucial role of agriculture in the Indian economy and the nation's overall well-being. By investing in sustainable practices and ensuring food security, the government aims to create a robust agricultural sector that not only meets the needs of its growing population but also contributes to the economic prosperity of the nation. The success of these schemes will be crucial in achieving India's ambitious goals in the agricultural sector and ensuring a bright future for its farmers.
Source: Government approves two agri schemes with outlay of ₹1 lakh crore