BAJAJ BROKING
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.
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.
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.
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.
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.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Garuda Construction and Engineering IPO- How to Apply in Minutes?
04 Oct, 2024 | 5 Min. read
Share Market Today | Gift Nifty Indicates Negative Opening For Indian Markets
04 Oct, 2024 | 4 Min. read
Oil Prices Rise Amid Concerns Over Israel-Iran Conflict
04 Oct, 2024 | 2 Min. read
FPIs Offload Over $3 Billion In Indian Shares In 3 Sessions
04 Oct, 2024 | 2 Min. read
BSE To Discontinue Weekly Derivatives On Sensex 50, Bankex
04 Oct, 2024 | 2 Min. read
India Launches ₹1.01 Lakh Crore Farm Sector Schemes
04 Oct, 2024 | 2 Min. read
Commodities Market Today | Brent Crude Rises 5%, Gold Prices Flat Amid Dollar Strength
04 Oct, 2024 | 1 Min. read
Gold Rate Today | Gold Prices Flat As U.S. Dollar Strengthens
04 Oct, 2024 | 2 Min. read
Balance Sheet: Meaning, Importance & Components
04 Oct, 2024 | 5 Min. read
Commodities Market Today | WTI Crude Rises 1.6%, Gold Falls, Silver Gains 1.2%
03 Oct, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints At Over 250 Points Drop In Indian Markets
03 Oct, 2024 | 4 Min. read
Gold Rate Today | Gold Falls 0.4%, Silver Rises 1.2% In Latest Market Update
03 Oct, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading