Union Cabinet Merges Central Agriculture Schemes into Two New Programs

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).

• 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

Answer: C) The Union Cabinet has approved a combined expenditure of ₹1,01,321.61 crore for the two umbrella schemes—Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY).