The PM-RKVY aims to promote sustainable agriculture, while the Krishonnati Yojana will focus on achieving agricultural self-sufficiency and addressing food security challenges. Both schemes are set to be implemented with a total proposed expenditure of Rs 1,01,321.61 crore, with funds allocated through state governments to ensure effective local implementation.
This rationalisation will not only maintain all existing schemes but also introduce mission-mode initiatives where necessary, such as the National Mission for Edible Oil-Oil Palm (NMEO-OP), the Clean Plant Program, and Digital Agriculture. A notable modification is the enhancement of the Mission Organic Value Chain Development for North Eastern Region (MOVCDNER) by adding a component for detailed project reports, enabling the northeastern states to tackle critical challenges in their agricultural sectors effectively.
By streamlining these schemes, state governments will have the opportunity to develop a Comprehensive Strategic Document for their agricultural sectors, addressing key issues such as crop production, climate resilience, and the development of value chains for agricultural commodities. This strategic approach will enable states to align their action plans with the broader objectives of sustainable agriculture and nutritional security.
Key benefits of this rationalisation
- Avoiding duplication of efforts and ensuring convergence among various schemes.
- Addressing emerging agricultural challenges, such as nutrition security, sustainability, and climate resilience.
- Allowing states to create comprehensive strategic plans tailored to their specific agricultural needs.
- Streamlining the approval process for Annual Action Plans (AAP) to facilitate quicker implementation.
- A notable change in PM-RKVY is the increased flexibility for state governments to reallocate funds among different components based on their unique requirements.
Out of the total proposed expenditure of Rs 1,01,321.61 crore, the central share from DA&FW will amount to Rs 69,088.98 crore, while states will contribute Rs 32,232.63 crore. This includes Rs 57,074.72 crore for RKVY and Rs 44,246.89 crore for KY.
The PM-RKVY encompasses a range of initiatives, including:
- Soil Health Management
- Rainfed Area Development
- Agro Forestry
- Paramparagat Krishi Vikas Yojana
- Agricultural Mechanization, including Crop Residue Management
- Per Drop More Crop
- Crop Diversification Programme
- RKVY DPR component
- Accelerator Fund for Agri Startups