Why in News
The Union Cabinet has merged existing Central agricultural schemes into two new schemes to streamline efforts and funding.
What are the Two New Schemes
Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY): Focuses on promoting sustainable agriculture with an allocation of ₹57,074.72 crore.
Krishonnati Yojana (KY): Aims at food security and agricultural self-sufficiency with a fund of ₹44,246.89 crore.
Why the Merging?
To avoid duplication of efforts
Ensure convergence of resources
Provide more flexibility to state governments in planning agricultural strategies.
National Mission on Edible Oils – Oilseeds
Boost domestic oilseed production and achieve self-reliance in edible oils.
Will run from 2024-25 to 2030-31 with a financial outlay of ₹10,103 crore.
Increase primary oilseed production from 39 million tonnes to 69.7 million tonnes by 2030-31.
Mission will introduce Seed Authentication, Traceability & Holistic Inventory (SATHI) Portal enabling States to coordinate with stakeholders for timely availability of quality seeds
Oilseeds
Key crops include rapeseed-mustard, groundnut, soybean, sunflower, and sesamum.
Focus on improving efficiency in oil extraction from secondary sources like cottonseed and rice bran.
India to Join Energy Hub
India has approved a letter of intent to join the Energy Efficiency Hub, reinforcing its commitment to sustainable development and reducing greenhouse gas emissions.
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