In a significant step aimed at strengthening India’s agricultural ecosystem, the Union Cabinet on Tuesday approved the launch of the ‘Prime Minister Dhan-Dhaanya Krishi Yojana’, a comprehensive initiative designed to improve crop yield, sustainability, irrigation, storage, and credit access for farmers across the country.

According to rports, the scheme focuses on enhancing agricultural productivity, promoting crop diversification, and encouraging sustainable farming practices. Additionally, it aims to expand post-harvest infrastructure, such as storage and cold chains, improve irrigation systems, and ease access to agricultural credit.

Government officials said the scheme is a holistic response to the evolving challenges in India’s agricultural sector, including climate-related pressures, input costs, and post-harvest losses.

Alongside this, the Cabinet also approved a special exemption for NLC India Limited (NLCIL) from current investment norms that apply to Navratna Central Public Sector Enterprises (CPSEs). This clearance will allow NLCIL to invest ₹7,000 crore in its wholly owned subsidiary, NLC India Renewables Limited (NIRL).

This move is expected to significantly accelerate investment in renewable energy projects across India. NIRL will use the capital infusion to develop and expand its portfolio in solar, wind, and hybrid renewable power projects, contributing to the government’s broader clean energy targets.

With both decisions, the Cabinet reaffirmed its commitment to doubling farmer incomes and pushing forward India’s green transition, blending rural development with economic resilience and sustainability.