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Union Cabinet Merges Central Agriculture Schemes into Two New Programs

Published on October 04, 2024
Current Context: The Union Cabinet recently decided to merge all centrally sponsored schemes in the agriculture sector into two new umbrella schemes: Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY).
Union Cabinet Merges Central Agriculture Schemes into Two New Programs
  • This decision, made on October 3, 2024, aims to streamline agricultural initiatives, avoid duplication, and enhance the effectiveness of these schemes.
  • The combined expenditure for these schemes is projected to be ₹1,01,321.61 crore.
  • PM-RKVY, with an allocation of ₹57,074.72 crore, will focus on promoting sustainable agricultural practices, while KY, with ₹44,246.89 crore, will address food security and agricultural self-sufficiency.
  • This restructuring is designed to provide states with more flexibility to address their unique agricultural challenges and to promote the use of modern agricultural technologies.

Question:

1 What is the combined projected expenditure for the newly merged umbrella schemes in the agriculture sector?

  • A) ₹75,321.61 crore
  • B) ₹95,246.53 crore
  • C) ₹1,01,321.61 crore
  • D) ₹1,15,000 crore
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