New Delhi /AMN
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved the renaming of the new Central Sector Scheme – SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) as “Pradhan Mantri Kisan Sampada Yojana (PMKSY) ” for the period of 2016-20 coterminous with the 14th Finance Commission cycle.
Earlier, CCEA in its meeting held in May, 2017 approved the new Central Sector Scheme – SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) with same allocation and period .
The objective of PMKSY is to supplement agriculture, modernize processing and decrease Agri-Waste.
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.