CALCULATE YOUR SIP RETURNS

Pradhan Mantri Kisan Sampada Yojana: Union Cabinet Approves ₹6,520 Crore Outlay

Written by: Sachin GuptaUpdated on: 1 Aug 2025, 6:09 pm IST
Union Cabinet has approved an outlay of ₹6,520 crore for the Central Sector Scheme, Pradhan Mantri Kisan Sampada Yojana (PMKSY).
Pradhan Mantri Kisan Sampada Yojana: Union Cabinet Approves ₹6,520 Crore Outlay
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

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).

Key Components of the ₹6,520 Crore Approval

The approval comprises two major financial provisions:

  • ₹1,000 crore dedicated to establishing 50 Multi-Product Food Irradiation Units under the Integrated Cold Chain and Value Addition Infrastructure (ICCVAI) scheme.
  • Setting up 100 Food Testing Laboratories (FTLs) accredited by NABL under the Food Safety and Quality Assurance Infrastructure (FSQAI) scheme, both components of PMKSY aligned with recent budget announcements.
  • ₹920 crore allocated for sanctioning projects across various component schemes of PMKSY during the 15th Finance Commission Cycle.

Also Read: Subhadra Yojana 3rd Installment of ₹5,000 to be Paid on August 9: Check If You are Eligible

Demand-Driven Schemes and Proposal Process

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.

Impact and Expected Outcomes

  • Food Irradiation Units: The 50 proposed multi-product irradiation units will collectively enhance food preservation capacity, estimated between 20 to 30 lakh metric tonnes per annum, depending on the food types processed.
  • Food Testing Laboratories: The establishment of 100 NABL-accredited laboratories in the private sector will bolster infrastructure for advanced food sample testing, thereby ensuring stringent compliance with food safety standards and facilitating the supply of safe, quality food products.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

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.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers