NEWS – Union cabinet ok’s new schemes

HIGHLIGHTS

INCENTIVE SCHEME FOR DOMESTIC PRODUCTION OF OILSEEDS

• Overview
  • Objective: Boost domestic production of oilseeds (mustard, groundnut, soybean, sunflower, sesamum).
  • Budget: ₹10,103 crore.
  • Aim: Reduce dependence on edible oil imports, which currently meet 60% of domestic demand.
• Mission Implementation
  • Timeline: 2024-25 to 2030-31.
  • Scheme Name: National Mission on Edible Oils – Oilseeds.
  • Target: Increase primary oilseed production from 39 million tonnes (2022-23) to 69.7 million tonnes (2030-31).
• Connection with Previous Initiatives
  • 2021 Scheme: Oil palm cultivation initiative.
  • Combined Output Goal: Increase edible oil production to 254.5 lakh tonnes by 2030-31, fulfilling 72% of India’s edible oil needs.
• Key Strategies
  • Focus: Increase oilseed cultivation by 40 lakh hectares on fallow land.
  • Interventions: Quality seed availability, intercropping, crop diversification.
  • Clusters: 600 value chain clusters to be developed across 347 districts.

MAJOR AGRICULTURE SCHEMES: PM-RKVY AND KRISHONNATI YOJANA

• Overview
  • Objective: Promote sustainable agriculture and ensure food security.
  • Budget: Over ₹1 lakh crore.
  • Schemes Approved: PM Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY).
• Scheme Rationalisation
  • Proposal: Rationalisation of Centrally Sponsored Schemes under the Ministry of Agriculture into two umbrella schemes.
  • Focus Areas: Crop production, climate-resilient agriculture, value chain development.
• State-Level Implementation
  • Strategic Document: States to prepare comprehensive strategies for their agricultural sector.
  • Goals: Address productivity and emerging challenges such as climate resilience and agricultural self-sufficiency.

MODIFICATION OF PRODUCTIVITY-LINKED REWARD (PLR) SCHEME FOR PORTS

• PLR Scheme Revision
  • Timeline: 2020-21 to 2025-26.
  • Beneficiaries: 20,704 employees of Major Port Authorities and Dock Labour Board.
• Key Changes
  • Performance Focus: Shift to port-specific performance, with a gradual increase in weightage from 50% to 60% by 2025-26.
  • Financial Implication: ₹200 crore for the entire period.
  • Bonus Calculation: Wage ceiling set at ₹7,000 per month.