Cabinet approves PM-RKVY and Krishonnati Yojana with Rs 1,01,321.61 crore outlay
On 3 October 2024, in New Delhi, the Union Cabinet approved rationalising all centrally sponsored agriculture schemes into two umbrella schemes, PM-RKVY and Krishonnati Yojana, with a proposed expenditure of Rs 1,01,321.61 crore.
Summary
On 3 October 2024, in New Delhi, the Union Cabinet chaired by PM Narendra Modi approved rationalising all Centrally Sponsored Schemes under the Ministry of Agriculture and Farmers Welfare into two umbrella schemes: the Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY), a cafeteria scheme to promote sustainable agriculture, and Krishonnati Yojana (KY), to achieve food security and agricultural self-sufficiency. The total proposed expenditure is Rs 1,01,321.61 crore, implemented through State Governments, which may reallocate funds from one component to another based on their requirements.
Key facts
- Approved
- 3 Oct 2024 (Union Cabinet)
- Umbrella schemes
- PM-RKVY (cafeteria scheme) and Krishonnati Yojana
- Outlay
- Rs 1,01,321.61 crore
- Flexibility
- States can reallocate funds between components
Practice MCQs 3 questions
What is the total proposed expenditure for PM-RKVY and Krishonnati Yojana approved by the Cabinet on 3 October 2024?
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Correct answer: C — Rs 1,01,321.61 crore
PIB (3 Oct 2024): PM-RKVY and Krishonnati Yojana will be implemented with a total proposed expenditure of Rs 1,01,321.61 crore.
Which of the two umbrella agriculture schemes approved on 3 October 2024 is described as a 'cafeteria scheme'?
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Correct answer: B — Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY)
PIB (3 Oct 2024): the Cabinet rationalised all CSS into two umbrella schemes, viz. PM-RKVY, a cafeteria scheme, and Krishonnati Yojana (KY).
According to the Cabinet decision of 3 October 2024, Krishonnati Yojana (KY) is meant to:
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Correct answer: D — Achieve food security and self-sufficiency
PIB (3 Oct 2024): PM-RKVY will promote sustainable agriculture, while Krishonnati Yojana will address food security and agricultural self-sufficiency.