Centre's New Umbrella Schemes: PM-RKVY and Krishonnati Yojana for Sustainable Agriculture
| Key Points | Details |
|---|---|
| Why in News | Cabinet approves PM-RKVY and Krishonnati Yojana for sustainable agriculture with ₹1,01,321.61 crore expenditure. |
| Schemes | 1.PM-RKVY (Pradhan Mantri Rashtriya Krishi Vikas Yojana)2.Krishonnati Yojana (KY) |
| Total Expenditure | ₹1,01,321.61 crore |
| Execution | Schemes to be executed by State Governments. |
| PM-RKVY Objective | Focus on promoting sustainable agricultural practices. |
| KY Objective | Aims for food security and self-sufficiency in agriculture. |
| Technological Integration | Both schemes will use advanced technology to improve efficiency and outcomes. |
| Continuing Existing Initiatives | NMEO-OP, Clean Plant Program, Digital Agriculture, NMEO-OS will continue under the new framework. |
| RKVY (RAFTAAR) Features | - Incentives for States - Flexibility for local plans - Focus on yield gap reduction - Profitability improvement |
| Funding Pattern | - North East States: 90% central, 10% state - Union Territories: 100% central - Other States: 60% central, 40% state |
| Approval Process | State Level Project Screening Committee (SLPSC) and State Level Sanctioning Committee (SLSC). |
| Key Focus Areas of RKVY | - Agri-business entrepreneurship - Risk mitigation for farmers - Targeted interventions for yield gap reduction |