In a big move, the Union cabinet on Thursday rationalised 18 centrally sponsored schemes of the agriculture ministry with a total allocation of ₹1.01 trillion into two, while launching a national mission on oilseeds with an outlay of ₹10,103 crore.
The two mother schemes—Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY), and Krishonnati Yojana (KY)—formed after the convergence will give more funding flexibility to the states to reallocate funds from one component to another based on their own needs and avoid duplication.
The Central share in the ₹1.01 trillion allocation is ₹69,088.98 crore while the state share is ₹32,232.63 crore.
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Denne historien er fra October 04, 2024-utgaven av Business Standard.
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