Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi on Wednesday revealed government’s intention to improve farm productivity, skill development and entrepreneurship skills and setting up of a national agriculture market. It was also decided at the meeting that PM Narendra Modi will be heading the National Steering committee on Irrigation and National Council on Skilling.
Here are the schemes that were communicated to media today by Finance Minister Arun Jaitley:
1) Rs 200 crore for online national agriculture market
Government has allocated Rs 200 crore for three years to set up an online national agriculture market by integrating 585 wholesale markets across India — a move that would help farmers realise better prices.
The Department of Agriculture will set it up by creation of a common electronic platform deployable in selected regulated markets across the country.
2) To spend Rs 50,000 crore under new irrigation scheme
With an eye on improving farm productivity, the government will spend Rs 50,000 crore over the next five years under the Pradhan Mantri Krishi Sinchai Yojana (PMKSY).
3) Clears policy for skill development, entrepreneurship
Government today said it has approved the first integrated national policy for developing skills and promoting entrepreneurship at a large scale with speed and quality.
“The policy aims to align supply with demand, bridging existing skill gaps, promoting industry engagement, operationalise a quality assurance framework, leveraging technology and promoting apprenticeship to tackle the
identified issues,” Finance Minister Arun Jaitley told reporters.
(With input from Agencies)