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DAILY NEWS ANALYSIS
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16 May, 2020
10 Min Read
Pradhan Mantri Kisan Sampada Yojana (PMKSY)
The Central Sector Scheme - SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) was approved by the cabinet in May 2017 for the period of 2016-20 coterminous with the 14th Finance Commission cycle. The scheme has now been renamed as the "Pradhan Mantri Kisan Sampada Yojana (PMKSY)".
It is an umbrella scheme incorporating ongoing schemes of the Ministry like Mega Food Parks, Integrated Cold Chain and Value Addition Infrastructure, Food Safety and Quality Assurance Infrastructure, etc. and also new schemes like Infrastructure for Agro-processing Clusters, Creation of Backward and Forward Linkages, Creation / Expansion of Food Processing & Preservation Capacities.
Objective
The objective of PMKSY is to supplement agriculture, modernize processing and decrease Agri-Waste.
Under PMKSY the following schemes are to be implemented.
Financial Allocation
PMKSY with an allocation of Rs. 6,000 crore is expected to leverage investment of Rs. 31,400 crore, handling of 334 lakh MT agro-produce valuing Rs. 1,04,125 crore, benefit 20 lakh farmers and generate 5,30,500 direct/ indirect employment in the country by the year 2019-20.
Impact
Source: VIKASPEDIA
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