CCEA approves schemes for farms
The government on Thursday approved two major schemes with a total outlay of more than Rs 29,800 crore to accelerate growth in agriculture sector, a day after Prime Minister Manmohan Singh announced the programmes.
By PTI |
NEW DELHI: The government on Thursday approved two major schemes with a total outlay of more than Rs 29,800 crore to accelerate growth in agriculture sector, a day after Prime Minister Manmohan Singh announced the programmes.
While Rs 25,000 crore has been allocated for the Additional Central Assistance Scheme, a sum of Rs 4,882.48 crore has been cleared for the National Food Security Mission to be spent in five years beginning this fiscal.
"We hope states will take advantage of the ACA scheme and the states will also join the central government enthusiastically in implementing the food security mission," Finance Minister P Chidambaram told reporters after a meeting of the Cabinet Committee on Economic Affairs.
The schemes were adopted as part of a resolution during the NDC meeting held here in May, he said, adding these were aimed at enhancing public investments in agriculture sector to raise its growth rate to 4 per cent per annum.
The CCEA decision came a day after the Prime Minister said in his Independence Day speech that the government would soon launch a special programme to invest more than Rs 25,000 crore in agriculture to enhance livelihood of farmers and increase food production.
While Rs 25,000 crore has been allocated for the Additional Central Assistance Scheme, a sum of Rs 4,882.48 crore has been cleared for the National Food Security Mission to be spent in five years beginning this fiscal.
"We hope states will take advantage of the ACA scheme and the states will also join the central government enthusiastically in implementing the food security mission," Finance Minister P Chidambaram told reporters after a meeting of the Cabinet Committee on Economic Affairs.
The schemes were adopted as part of a resolution during the NDC meeting held here in May, he said, adding these were aimed at enhancing public investments in agriculture sector to raise its growth rate to 4 per cent per annum.
The CCEA decision came a day after the Prime Minister said in his Independence Day speech that the government would soon launch a special programme to invest more than Rs 25,000 crore in agriculture to enhance livelihood of farmers and increase food production.
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