PRADHAN MANTRI KISAN SAMPADA YOJANA (PMKSY)

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Context

The food processing ministry said its flagship scheme 'Pradhan Mantri Kisan Sampada Yojana (PMKSY)' has been extended till March 2026 with an allocation of Rs 4,600 crore.

About

The Central Sector Scheme - SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) was approved by the cabinet in May 2017 for the period of 2016-20 coterminous with the 14th Finance Commission cycle.
The scheme has now been renamed as the "Pradhan Mantri Kisan Sampada Yojana (PMKSY)".

Objective

The objective of PMKSY is to supplement agriculture, modernize processing and decrease Agri-Waste.

Umbrella Scheme

Under PMKSY the following schemes are to be implemented:

Significance of proper implementation

The implementation of PMKSY will result in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.
It will provide a big boost to the growth of food processing sector in the country.
It will help in providing better prices to farmers and is a big step towards doubling of farmers’ income.
It will create huge employment opportunities especially in the rural areas.
It will also help in reducing wastage of agricultural produce, increasing the processing level, availability of safe and convenient processed foods at affordable price to consumers and enhancing the export of the processed foods.