Cabinet Enhances Budgetary Allocation for PMKSY to Rs. 6,520 Crore
The Union Cabinet approved a major increase in the budget for the Pradhan Mantri Kisan Sampada Yojana (PMKSY), raising its allocation by Rs. 1,920 crore to a total of Rs. 6,520 crore. The move, taken under the leadership of Prime Minister Narendra Modi, aims to give a significant boost to India's food processing sector by creating modern infrastructure and ensuring better food safety standards.
Launched in 2017, the PMKSY has been a key initiative to strengthen India's food processing capacity and reduce post-harvest losses.