Paper: GS – II, Subject: Governance, Topic: Government Policies, Issue: Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY).
Context:
The Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY), a newly approved agricultural scheme by the Union Cabinet.
- The PMDDKY, announced in the Union Budget for 2025-26 and approved by the Union Cabinet, is a comprehensive agricultural program designed to boost agricultural productivity and encourage sustainable farming practices across India.
- This initiative consolidates 36 existing schemes from 11 different ministries into a single, cohesive framework, with a substantial annual outlay of ₹24,000 crore for six years.
Key Takeaways:
- Enhance Agricultural Productivity: The primary goal is to increase the yield and efficiency of agricultural production.
- Promote Sustainable Agricultural Practices: Encourage farming methods that are environmentally friendly and ensure long-term viability.
- Improve Post-Harvest Storage: Augment storage facilities at the panchayat and block levels to reduce post-harvest losses.
- Enhance Irrigation Facilities: Improve irrigation infrastructure to ensure reliable water supply for agriculture.
- Facilitate Credit Availability: Ensure farmers have access to both short-term and long-term credit to support their agricultural activities.
- The Ministry of Agriculture & Farmers’ Welfare, in collaboration with NABARD and the Department of Financial Services, will identify these districts based on data analysis of farm credit, cropping intensity, and land productivity.
Financial Support and Convergence of Existing Schemes:
- PMDDKY does not have a standalone budget allocation but will be funded through the convergence of existing agricultural schemes under:
- Ministry of Agriculture & Farmers’ Welfare
- Ministry of Fisheries, Animal Husbandry & Dairying.
Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY) Implementation Strategy:
Benefits and Challenges of Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY) for Farmers:
However, effective implementation, coordination, and addressing potential challenges are crucial to realizing the scheme’s full potential. With a well-planned and executed strategy, the Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY) can contribute significantly to the growth and sustainability of Indian agriculture.
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