The Union Cabinet rationalised centrally sponsored agriculture schemes into two umbrella programmes—the Pradhan Mantri Rashtriya Krishi Vikas Yojana and the Krishonnati Yojana.

The initiative is part of the Rs 2,817-crore Digital Agriculture Mission; 19 States are currently implementing the project.

In preparation for Budget 2024, the finance minister Nirmala Sitharaman held consultations with sector representatives in June. The agriculture sector expects the industry to boost agricultural exports to USD 100 billion in the next three years.