PRIME MINISTER DHAN-DHAANYA KRISHI YOJANA (PMDKY)

GS2 GOVERNANCE: 

Context: The Prime Minister Dhan-Dhaanya Krishi Yojana (PMDKY) was introduced in the Union Budget 2025 by the Finance Minister to enhance agricultural productivity and sustainability.

About PMDKY:

• What is PMDKY?
  • A holistic agricultural development initiative aimed at improving farm productivity, promoting crop diversification, and strengthening irrigation and storage infrastructure.
• Ministry & Implementing Agency:
  • Ministry: Ministry of Agriculture and Farmers’ Welfare
  • Implementing Agency: A collaboration between Central and State Governments, NABARD, and other financial institutions.
• Objectives of PMDKY:
  • Boost Agricultural Productivity: Enhance crop yield and optimize land use in selected districts.
  • Promote Sustainable Farming: Foster crop diversification and eco-friendly agricultural practices.
  • Strengthen Post-Harvest Infrastructure: Develop storage facilities at the panchayat and block levels.
  • Enhance Irrigation Facilities: Improve access to efficient irrigation systems for small and marginal farmers.
  • Improve Agricultural Credit Access: Ensure the availability of both long-term and short-term agricultural credit.
• Key Features of PMDKY:
  • Targeted Focus on 100 Districts: Prioritizes low-productivity areas with moderate cropping intensity and limited access to credit.
  • Data-Driven Approach: Utilizes data from the Department of Financial Services and NABARD to identify priority districts.
  • Convergence Model: Integrates existing agricultural schemes from multiple ministries for effective fund allocation.
  • Support for Small & Marginal Farmers: Aims to benefit 1.7 crore farmers by enhancing productivity and financial inclusion.
  • Post-Harvest & Credit Support: Improves storage infrastructure and facilitates access to credit for long-term sustainability.