Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY)
The Union Cabinet, led by Prime Minister Narendra Modi, approved the rationalization of Centrally Sponsored Schemes into two main umbrella schemes: Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY). PM-RKVY aims to promote sustainable agriculture, while Krishonnati Yojana focuses on food security and agricultural self-sufficiency. This restructuring allows state governments to create comprehensive strategic plans tailored to their agricultural needs, addressing challenges like climate resilience and value chain development. The total proposed expenditure for these schemes is Rs. 1,01,321.61 crore, enhancing the efficiency of agricultural programs across India.
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