Increasing Public and Private Investment in Agriculture

Government is implementing many programmes for raising investments in agriculture. Notable among them are Rashtriya Krishi Vikas Yojana (RKVY), National Food Security Mission (NFSM), National Horticulture Mission (NHM), Gramin Bhandaran Yojana, Integrated Scheme of Oilseeds, Oil palm, Pulses and Maize (ISOPOM) etc. In addition, Government has issued a framework for Public Private Partnership for Integrated Agricultural Development (PPPIAD) for using RKVY allocations for bringing greater association of private sector in agricultural development projects in the States.

In response to increased emphasis on investment in agriculture, Gross Capital Formation (GCF) in agriculture and allied sectors has increased from 123,317 crore during 2007-2008 to 211,564 crore during 2010-2011 (at current prices). Contribution of Private sector in GCF in agriculture and allied sectors has also increased from a level of 95,679 crore during 2007-2008 to 177,016 crore during 2010-2011 (at current prices).

 

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