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India Launches ₹1.01 Lakh Crore Farm Sector Schemes

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Synopsis:

India launches two comprehensive farm sector schemes worth ₹1.01 lakh crore to enhance agricultural sustainability and food security. These schemes consolidate multiple programmes to streamline implementation and boost farmer incomes.

Indian farm sector schemes news today

India has launched two major farm sector schemes with a total investment of ₹1.01 lakh crore to address the growing needs of the agriculture sector. The Union Cabinet approved this initiative to consolidate various Centrally Sponsored Schemes (CSS) under the Ministry of Agriculture and Farmers, aiming to enhance agricultural productivity and ensure food security across the nation.

Launch of two umbrella schemes

The two newly launched schemes, the Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY), are designed to promote sustainable agricultural practices and ensure self-sufficiency in food production. These schemes will replace and consolidate multiple smaller programmes, streamlining implementation to avoid duplication and allowing state governments greater flexibility in addressing specific challenges within their regions.

Focus on sustainable farming

The PM-RKVY focuses on promoting sustainable farming methods, climate resilience, and value chain development. It seeks to help farmers adapt to changing climate conditions while improving their incomes. The scheme also encourages private sector participation in the agricultural value chain, aiming to boost productivity and improve market access for small farmers.

Meanwhile, the Krishonnati Yojana aims to strengthen food production capacity, ensuring that India meets its growing food security needs. The programme includes targeted missions such as the National Mission for Edible Oil-Oil Palm (NMEO-OP) and the Digital Agriculture initiative, both of which are designed to improve farm productivity and farmer welfare.

Flexibility for state governments

One of the key aspects of these schemes is the flexibility granted to state governments. By consolidating the schemes under two umbrella programmes, the central government has made it easier for states to develop a comprehensive agricultural plan. This will allow them to tailor solutions to their unique challenges while avoiding duplication of efforts.

These initiatives reflect India's commitment to strengthening its agricultural sector by focusing on sustainability, climate resilience, and food security. The consolidation of farm sector schemes under PM-RKVY and Krishonnati Yojana aims to enhance farmer incomes and boost agricultural productivity, paving the way for a more sustainable agricultural future.

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