Pradhan Mantri-Rashtriya Krishi Vikas Yojana : Update
The Union Ministry of Agriculture has proposed to merge three separate ongoing schemes with its flagship Pradhan Mantri-Rashtriya Krishi Vikas Yojana.
- It is a Centrally Sponsored Scheme (CSS) operating under Ministry of Agriculture and Farmers Welfare.
- It is aimed at accelerating agricultural growth and improving farmers’ income.
- Objectives of Pradhan Mantri Rashtriya Krishi Vikas Yojana:
- To encourage States to increase public investment in agriculture and allied sectors.
- To enhance agricultural productivity and overall farm growth.
- To strengthen agricultural and post-harvest infrastructure and reduce losses.
- To promote diversification into high-value crops, horticulture, livestock, and fisheries.
- To encourage adoption of modern, innovative, and climate-resilient farming practices.
- To reduce regional disparities in agricultural development.
- Features of Pradhan Mantri Rashtriya Krishi Vikas Yojana:
- States have the flexibility to plan and implement agricultural projects according to local priorities.
- The scheme aims to achieve a sustained annual growth rate of around 4 percent in agriculture and allied sectors.
- It supports crop production, horticulture, livestock, fisheries, organic farming, agricultural research, and marketing infrastructure.
- States receive financial assistance based on their commitment to increasing public investment in agriculture.
- Funding Pattern of Pradhan Mantri Rashtriya Krishi Vikas Yojana:
- General States: 60 percent Centre and 40 percent State
- North-Eastern and Hilly States: 90 percent Centre and 10 percent State
- Union Territories: 100 percent central funding.
