The Union Cabinet, led by Prime Minister Shri Narendra Modi, has sanctioned a total budget allocation of ₹6,520 crore for the Central Sector Scheme, Pradhan Mantri Kisan Sampada Yojana (PMKSY). This amount includes an additional ₹1,920 crore earmarked for the ongoing scheme during the 15th Finance Commission Cycle (2021-22 to 2025-26).
The approval comprises two major financial provisions:
Also Read: Subhadra Yojana 3rd Installment of ₹5,000 to be Paid on August 9: Check If You are Eligible
Both ICCVAI and FSQAI operate on a demand-driven model. To identify suitable projects, Expression of Interests (EOIs) will be issued, inviting proposals from eligible entities nationwide. These proposals will undergo thorough evaluation based on the scheme’s eligibility criteria and guidelines before approval.
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Published on: Aug 1, 2025, 12:35 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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