The Union Cabinet chaired by Prime Minister, approved which scheme to promote sustainable agriculture and to achieve food security for self sufficiency in October 2024?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. PM Rashtriya Krishi Vikas Yojana.
In October 2024, the Union Cabinet, led by the Prime Minister, approved the rationalization of all Centrally Sponsored Schemes under the Ministry of Agriculture and Farmers' Welfare into two new umbrella schemes: the Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and the Krishonnati Yojana (KY).
The PM-RKVY was specifically designed to promote sustainable agriculture and boost agricultural productivity with an allocated expenditure of ₹57,074.72 crore. The Krishonnati Yojana (KY), with a fund of ₹44,246.89 crore, was targeted at achieving food security and agricultural self-sufficiency. This move was intended to streamline and provide flexibility to states in implementing various agricultural programs, avoiding duplication, and addressing emergent challenges such as climate resilience and value chain development. The decision aimed to enhance India's long-term agricultural growth and self-reliance by converging numerous schemes under a cohesive framework.