Pradhan Mantri-Rashtriya Krishi Vikas Yojana (PM-RKVY)
Economy
Context
- The Union Ministry of Agriculture has proposed to merge three separate ongoing schemes with its flagship Pradhan Mantri-Rashtriya Krishi Vikas Yojana (PM-RKVY).
The schemes to be merged with PM-RKVY are
- Krishonnati Yojana (KY) to boost farmersâ income,
- National Mission on Natural Farming (NMNF)
- National Bee and Honey Mission (NBHM).
- PM-RKVY, KY and NMNF are Centrally sponsored with implementation done by the state governments using funds jointly provided by both, while NBHM is a Central sector scheme that is funded and implemented by the Centre.
Pradhan Mantri-Rashtriya Krishi Vikas Yojana (PM-RKVY)
- It was initiated in 2007 as an umbrella scheme for ensuring holistic development of agriculture and allied sectors.
- Nodal Ministry: Ministry of Agriculture & Farmers Welfare.
- Objective – It allows states to choose their own agriculture and allied sector development activities as per the district/state agriculture plan.
- Financing – It is a central sponsored scheme
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