"The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the proposal... for rationalization of all Centrally Sponsored Schemes (CSS) operating under Ministry of Agriculture into two-umbrella schemes -- Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY)," an official statement said.
The PM-RKVY scheme will promote sustainable agriculture, while the KY will address food security & agricultural self-sufficiency.
The two umbrella schemes - PM-RKVY and KY - will be implemented "with total proposed expenditure of Rs 1,01,321.61 crore".
Of the total proposed outlay, the projected expenditure towards central share of department of agriculture is Rs 69,088.98 crore and states share is Rs 32,232.63 crore.
"This includes Rs 57,074.72 crore for RKVY and Rs 44,246.89 crore for KY." As many as 18 schemes have been included in these two umbrella schemes.
These schemes are implemented through the state governments.
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