Fact Box: Pradhan Mantri Kisan Sampada Yojana (PMKSY)

Aug 24, 2017 17:00 IST

The Cabinet Committee on Economic Affairs (CCEA) on 23 August 2017 approved the renaming of Central Sector Scheme SAMPADA as Pradhan Mantri Kisan Sampada Yojana (PMKSY) for the period of 2016-20.

SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) was approved by the CCEA in May 2017.

PMKSY was approved with an allocation of Rs 6000 crore.
The objective of PMKSY is to supplement agriculture, modernize processing and decrease Agri-Waste.
The scheme is expected to leverage investment of Rs 31400 crore and handling of 334 lakh MT agro-produce valuing Rs 104125 crore.
It is likely to benefit 20 lakh farmers and generate 530500 direct or indirect employment in the country by the year 2019-20.
The implementation of PMKSY will help in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.
It will boost up the food processing sector and will help in providing better prices to farmers.
It will help in reducing wastage of agricultural produce, increasing the processing level, availability of safe and convenient processed foods at affordable price to consumers.

CA eBook

PMKSY: An Umbrella Scheme
Pradhan Mantri Kisan Sampada Yojana (PMKSY) is an umbrella scheme that incorporates various ongoing schemes of the Union Government. The schemes that fall under the cover of PMKSY are:
• Mega Food Parks
• Integrated Cold Chain
• Value Addition Infrastructure
• Food Safety and Quality Assurance Infrastructure
• Infrastructure for Agro-processing Clusters
• Creation of Backward and Forward Linkages
• Creation and Expansion of Food Processing and Preservation Capacities

Is this article important for exams ? Yes5 People Agreed
Read more Current Affairs on: Pradhan Mantri Kisan Sampada Yojana , PMKSY , Sampada

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK