Cabinet Meeting: NCDC, PMKSY fund approval are among 6 announcements; key takeaways

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, today (July 31) approved six big decisions. These include fund approval for National Cooperative Development Corporation (NCDC), Pradhan Mantri Krishi Sampada Yojana (PMKSY), and four decisions related to railways.

Key takeaways

1- National Cooperative Development Corporation (NCDC)
The government launched the NCDC policy in 2025. Today, the cabinet approved Rs 2,000 crore for this.

2- Pradhan Mantri Krishi Sampada Yojana (PMKSY)

• Focus on value addition through food processing.
• Budget allocation of the scheme increased to Rs 6,520 crore.
• 50 irradiation units and 100 food testing labs.
• 1,000 crores will be spent on these.