Sign In
Learn bits
Geography
Mahesh

09/09/22 06:50 AM IST

Project Management Unit (PMU)

In News 
  • The Union Minister of Agriculture and Family Welfare, Shri Narendra Singh Tomar launched the Project Management Unit (PMU) on Public-Private Partnership (PPP) in Agriculture in New Delhi recently. 
About PMU 
  • The primary objective of this PPP initiative is to enhance the income of small farmers by creating additional value, - from provisioning of quality inputs, technology extension to market linkages, and value addition.
  • PPP initiatives are also expected to lead to modernizing agriculture practices, promoting research in climate resilient crops, developing agriculture and rural infrastructure, and increasing agricultural exports.
  • A particular objective is to assist the States to unlock the full potential of their respective agro-climatic regions, and wide variety of agri-produce and help producers to integrate better with domestic and export markets.
Significance 
  • Agriculture investments and increasing gross capital formation in agriculture are key to modernizing the Agriculture sector.
  • Combining public investments, in the form of various Central Government and State Government initiatives in agriculture along with the Private sector investment, can be a force multiplier for the agriculture sector.
  • The Government is keen to incentivize PPP initiatives in the Agriculture sector to improve yields, reduce losses and enhance farmer incomes.
  • PPP initiatives will crowd in private capital in agriculture, leverage public investment and align the Central and State Governments, the Private sector, and farmers in a shared vision of dynamic and value-added growth in the sector. 
Source- PIB 

More Related Current Affairs View All

17 Sep

Reasons Behind the heavy rain in Uttarakhand, Himachal

'Dehradun and several other districts in Uttarakhand have experienced very heavy rainfall over the past few days, triggering landslides in multiple areas and causing rivers to swel

Read More

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps