agricultural sector
The fate of farming and farming is going to change in the country, in fact, on Wednesday, the cabinet approved three major schemes related to the agricultural sector. Over 50 thousand crore rupees will be spent every year. This scheme will also focus on renewable energy along with agricultural sector. In which 100 selected districts have to provide more funds to government companies for increasing the productivity of farming and changes in the energy sector. Let’s know how the agricultural sector is going to get strong boost from these schemes.
Prime Minister Dhan-Dhanya Agricultural Scheme
The Central Government has introduced the Prime Minister Dhan-Dhanya Krishi Yojana (PMDDKY) in Budget 2025-26. Its purpose is to develop 100 districts for agriculture. Under this, 36 existing schemes of 11 central ministries will be implemented together. These districts have been selected on the basis of low agricultural productivity, reduction in crop density and lack of credit facility. At least one district plan will be included in every state, Union Minister Ashwini Vaishnav told this.
Under this scheme, Rs 24,000 crore will be spent every year in the next six years. This will benefit about 1.7 crore farmers. Special attention will be on increasing crop yield, irrigation, storage structures, availability of debt and sustainable farming. Officials said that this scheme is based on the experiences received from the initiative of aspirational districts. The aim is that everyone’s efforts should be centered in one place and permanent changes in the districts, an official said.
Main goal of the scheme
- Increasing agricultural productivity.
- Promoting diversity and sustainable farming in crops.
- Strengthen the infrastructure after harvesting.
- Extending irrigation network.
- Help farmers in short and long time agricultural loans.
NTPC’s green energy company Rs 20,000 crore
The cabinet has approved the imposition of Rs 20,000 crore in NTPC Green Energy Limited (NGEL) of NTPC. It will be used to increase solar, wind energy and green hydrogen projects. So far, NTPC has invested Rs 7,500 crore in NGEL. Currently, this green energy portfolio has an operational capacity of 6 GW and 26 GW of projects are being prepared. The target is to increase it by 2032 to 60 GW.
7,000 crore investment for NIRL
The government has approved investment of Rs 7,000 crore to expand the clean energy sector. The amount will be invested in NLC India Renewables Limited (NIRL), a complete owned company of Neveli Lignite Corporation (NLC). Under this, projects with renewable energy worth Rs 6,263 crore of NLC will be transferred to NIRL. Apart from this, an additional amount of Rs 700 crore will be imposed in the current projects. Currently NIRL is handling seven renewable projects, which have a total capacity of 1,400 MW.
Union Minister Ashwini Vaishnav said, now NIRL will work as a separate renewable energy unit of NLC. The company aims to achieve 10 GW renewable capacity by 2030. Vaishnav said, India has already crossed the 50% mark in its total established green energy capacity and has already achieved it from the 2030 target.