UPSC CURRENT AFFAIRS – 01st August 2025
Additional Budget allocation for the Pradhan Mantri Kisan Sampada Yojana (PMKSY)
Why in News?
- The Union Cabinet approved an additional ₹1,920 crore for PMKSY, raising its total outlay to ₹6,520 crore for FY 2025–26.
Introduction
- The Union Cabinet, under the chairmanship of Prime Minister Narendra Modi, approved an additional budgetary allocation of ₹1,920 crore for the Pradhan Mantri Kisan Sampada Yojana (PMKSY).
- This decision raises the total outlay for the scheme from ₹4,600 crore to ₹6,520 crore for the current fiscal year 2025–26.
- This enhanced funding will be directed towards strengthening the food processing infrastructure, with a focus on setting up 50 multi-product food irradiation units and 100 food testing laboratories.
Overview of PMKSY
- Pradhan Mantri Kisan Sampada Yojana (PMKSY) is a centrally sponsored scheme launched in 2017 by the Ministry of Food Processing Industries (MoFPI).
- It aims to modernize the food processing sector in India by creating robust supply chain infrastructure from farm gate to retail outlets. The scheme is designed to reduce food wastage, increase processing levels, enhance value addition, and improve the income of farmers.
Objectives of PMKSY
- Develop modern infrastructure and efficient supply chain systems.
- Reduce post-harvest losses and food wastage.
- Promote value addition in agricultural produce.
- Ensure better price realization for farmers.
- Enhance employment generation in rural areas.
Key Components of PMKSY
- Mega Food Parks: Integrated infrastructure for food processing units.
- Integrated Cold Chain and Value Addition Infrastructure: For preserving perishable produce.
- Creation/Expansion of Food Processing and Preservation Capacities.
- Infrastructure for Agro-Processing Clusters.
- Backward and Forward Linkages: Linking farmers to processors and markets.
- Food Safety and Quality Assurance Infrastructure: Includes laboratories and certifications.
- Human Resource and Skill Development in Food Processing Sector.
Linkages with Other Government Initiatives
- Atmanirbhar Bharat Abhiyan: Supports self-reliance in the food processing sector.
- PM Formalisation of Micro Food Processing Enterprises (PMFME): Complements PMKSY by focusing on small-scale processors.
- One District One Product (ODOP): Food irradiation and testing labs will enhance the quality and marketability of ODOP items.
- National Export Policy for Agro Products: The move supports the export preparedness of agro-industrial goods.
Way Ahead
- While PMKSY offers a comprehensive roadmap to reduce food wastage, boost farmer incomes, and strengthen value chain linkages, its effectiveness is hindered by administrative red tape, uneven funding support, limited outreach, and maintenance bottlenecks.
- For PMKSY to truly realize its objectives, policymakers must streamline clearances, improve outreach infrastructure, enhance capacity-building, and ensure equitable access for small and marginal farmers.
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Introduction
Economic Implications
For Indian Exporters
- These reforms reduce transaction costs and compliance hurdles
- Encourage a more competitive and efficient export environment
- Promote value addition in key sectors like leather
For Tamil Nadu
- The reforms particularly benefit the state’s leather industry, a major contributor to employment and exports
- Boost the marketability of GI-tagged E.I. leather, enhancing rural and traditional industries
For Trade Policy
- These decisions indicate a shift from regulatory controls to policy facilitation
Reinforce the goals of Make in India, Atmanirbhar Bharat, and India’s ambition to become a leading export power
Recently, BVR Subrahmanyam, CEO of NITI Aayog, claimed that India has overtaken Japan to become the fourth-largest economy in the world, citing data from the International Monetary Fund (IMF).
India’s rank as the world’s largest economy varies by measure—nominal GDP or purchasing power parity (PPP)—each with key implications for economic analysis.
