The Cupboard Committee on Financial Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday, July 16 accepted the Prime Minister Dhan-Dhaanya Krishi Yojana. The scheme was initially introduced within the Price range for 2025-26. The cupboard has additionally accepted as much as Rs 20,000 crore funding by NTPC to spice up renewable power capability.
Prime Minister Dhan-Dhaanya Krishi Yojana
The scheme goals to reinforce agricultural productiveness, improve crop diversification and sustainable agricultural practices, increase post-harvest storage, enhance irrigation services and facilitate availability of credit score. This programme will assist 1.7 crore farmers, Union Minister Ashwini Vaishnaw advised reporters at the moment after the weekly Cupboard assembly. A monetary outlay of Rs 24,000 crore might be earmarked per yr, not less than for six years beginning 2025-26.
Motivated by the success of the Aspirational Districts Programme, Finance Minister Nirmala Sitharaman had on February 1 proposed that the federal government will undertake a ‘Prime Minister Dhan-Dhaanya Krishi Yojana’ in partnership with states.
It’s in pursuance of Price range announcement for 2025-26 to develop 100 districts below “Prime Minister Dhan-Dhaanya Krishi Yojana”. The Scheme might be applied via convergence of 36 present schemes throughout 11 Departments, different State schemes and native partnerships with the non-public sector.
100 districts might be recognized primarily based on three key indicators of low productiveness, low cropping depth, and fewer credit score disbursement. The variety of districts in every state/UT might be primarily based on the share of Internet Cropped Space and operational holdings. Nevertheless, a minimal of 1 district might be chosen from every state.
Committees might be fashioned at District, State and Nationwide degree for efficient planning, implementation and monitoring of the Scheme. A District Agriculture and Allied Actions Plan might be finalized by the District Dhan Dhaanya Samiti, which can even have progressive farmers as members. The District Plans might be aligned to the nationwide objectives of crop diversification, conservation of water and soil well being, self-sufficiency in agriculture and allied sectors in addition to growth of pure and natural farming. Progress of the Scheme in every Dhan-Dhaanya district might be monitored on 117 key Efficiency Indicators via a dashboard on month-to-month foundation. NITI can even overview and information the district plans. In addition to Central Nodal Officers appointed for every district can even overview the scheme frequently.
Because the focused outcomes in these 100 districts will enhance, the general common towards key efficiency indicators will rise for the nation. The scheme will end in increased productiveness, worth addition in agriculture and allied sector, native livelihood creation and therefore improve home manufacturing and reaching self-reliance (Atmanirbhar Bharat). As the indications of those 100 districts enhance, the nationwide indicators will routinely present an upward trajectory.
Rs 20,000 crore funding by NTPC
As India achieves 50 per cent of its put in electrical energy capability from non-fossil gasoline sources, the Cupboard additionally accepted enhanced delegation of energy to NTPC Ltd for investing in NTPC Renewable Power Ltd and its different joint ventures/subsidiaries to arrange renewable power capability with an outlay of as much as Rs 20,000 crore.
The Cupboard granted enhanced delegation of energy to NTPC Restricted from the extant pointers of delegation of energy to Maharatna CPSEs for making funding in NTPC Inexperienced Power Restricted (NGEL), a subsidiary firm and subsequently, NGEL investing in NTPC Renewable Power Restricted (NREL) and its different JVs/subsidiaries, “past the sooner accepted prescribed restrict of Rs 7,500 crore as much as an quantity of Rs 20,000 crore for renewable power (RE) capability addition to attain 60 GW capability by 2032”.
In accordance with an official assertion, the improved delegation given to NTPC and NGEL will facilitate the accelerated growth of renewable initiatives within the nation.
“This transfer can even play a significant position in strengthening energy infrastructure and guaranteeing funding in offering dependable, round the clock electrical energy entry throughout the nation,” in accordance with a Cupboard be aware.
Renewable Power initiatives can even generate direct and oblique employment alternatives for the native folks on the development stage in addition to throughout operations and upkeep (O&M) stage.
This can present a lift to native suppliers, native enterprises/ MSMEs and shall encourage entrepreneurship alternatives inside the nation, in addition to selling employment and socio-economic growth of the nation.
India has achieved a landmark in its power transition journey by reaching 50 per cent of its put in electrical energy capability from non-fossil gasoline sources — 5 years forward of the goal set below its Nationally Decided Contributions to the Paris Settlement.
The nation is aiming to succeed in 500 GW of non-fossil power capability by 2030.
As a Central Public Sector Enterprise and the main Energy Utility of the Nation, NTPC goals so as to add 60 GW of Renewable Power Capability by 2032, which can assist the nation in reaching the aforesaid goal and transfer in the direction of the bigger intention of getting ‘Internet Zero’ emissions by 2070.
With inputs from companies
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