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Union Cabinet Approves Major Agricultural and Employee Incentive Initiatives
Context
The Union Cabinet has merged all centrally sponsored schemes for the agriculture sector into two umbrella schemes — the Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and the Krishonnati Yojana (KY). The aim is to avoid duplication and ensure convergence.
Merger of Agricultural Schemes
The Cabinet decided to consolidate various Central schemes in agriculture into two new programs:
- Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY):
- Allocation: Rs 57,074.72 crore
- This scheme aims to promote sustainable agriculture.
- The PM-RKVY comprises of the following schemes:
- Soil Health Management
- Rainfed Area Development
- Agro Forestry
- Paramparagat Krishi Vikas Yojana
- Agricultural Mechanization including Crop Residue Management
- Per Drop More Crop
- Crop Diversification Programme
- RKVY DPR component
- Accelerator Fund for Agri Startups
- Krishonnati Yojana (KY):
- Allocation: Rs 44,246.89 crore.
- It will address food security and agricultural self-sufficiency.
- The rationalisation of various schemes has been undertaken to avoid duplication, ensure convergence, and provide flexibility to states, and state governments will also be able to draw a comprehensive strategic plan suiting their requirements for the agriculture sector.
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