cabinet-approves-pm-krishi-vikas-yojana-krishonnati-yojana

Cabinet approves PM Krishi Vikas Yojana, Krishonnati Yojana

The Cabinet on Thursday approved the PM Rashtriya Krishi Vikas Yojana (PM-RKVY), which aims to promote sustainable agriculture and Krishonnati Yojana (KY) to achieve food security for self sufficiency with combined total proposed expenditure of Rs 1 lakh crore.

News Arena Network - New Delhi - UPDATED: October 3, 2024, 08:45 PM - 2 min read

Cabinet approves PM Rashtriya Krishi Vikas Yojana, Krishonnati Yojana

Cabinet approves PM Krishi Vikas Yojana, Krishonnati Yojana

During the Cabinet briefing, union minister Ashwini Vaishnaw said the two schemes will promote agricultural mechanisation including crop residue management and accelerator fund for agri startups.

Union Cabinet on Thursday approved two major schemes -- PM Rashtriya Krishi Vikas Yojana and Krishonnati Yojana -- with an expenditure of over Rs 1 lakh crore to promote sustainable agriculture and ensure food security.

The Cabinet approved the PM Rashtriya Krishi Vikas Yojana (PM-RKVY) to promote sustainable agriculture and Krishonnati Yojana (KY) to achieve food security for self-sufficiency.

The combined total expenditure will be Rs 1,01,321.61 crore, the government said in a post on social media platform X.

"Cabinet approved rationalisation of all centrally sponsored schemes operating under Ministry of Agriculture into two umbrella scheme," it added.