Current Context : Recently, Union Cabinet approved proposal for rationalization of all Centrally Sponsored Schemes operating under Ministry of Agriculture and Farmer’s Welfare into two-umbrella Schemes viz. Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY).

• Aim : to promote sustainable agriculture through PM-RKVY and enhance food security and agricultural self-sufficiency via KY.
• Budget : total proposed expenditure of ₹1,01,321.61 crore.

ABOUT PM-RKVY

• Objective: To promote sustainable agriculture.
• Components : Includes 9 schemes such as Soil Health Management, Rainfed Area Development, Paramparagat Krishi Vikas Yojana.
• Change: State governments can re-allocate funds between components based on their specific needs.

ABOUT KRISHONNATI YOJANA (KY)

• Objective: Enhance food security and agricultural self-sufficiency in India.
• Components : Includes 9 programs like National Food Security & Nutrition Mission, Digital Agriculture Mission, etc.

Special Focus: The Mission Organic Value Chain Development for North Eastern Region (MOVCDNER) under KY will allow flexibility to address local challenges in the North East.