Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance

The Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), launched as a holistic scheme, integrates three key components: the Accelerated Irrigation Benefit Programme (AIBP) and *Har Khet Ko Pani* (HKKP) under the Ministry of Jal Shakti, and the Watershed Development Component (WDC) managed by the Ministry of Rural Development. Under PMKSY, the central government provides financial assistance to states for creating irrigation capacity, developing command areas, and on-farm interventions, primarily through competitive tendering processes governed by state procurement norms. While private contractors and firms can participate, the scheme does not mandate special provisions for private sector investment, and all implementation adheres to state-specific regulations.

For banking and competitive exams like Bank PO, IBPS, SBI, RBI Grade B, and SSC, PMKSY holds significance as a flagship government initiative aimed at enhancing agricultural productivity through efficient water management. Questions may focus on its funding mechanism, institutional framework, or its role in achieving sustainable agriculture goals. The absence of centralized tracking of farmer training data, as highlighted in the PIB release, could also be a point of discussion regarding governance and data management in welfare schemes, making it relevant for exams testing current affairs and governance frameworks.

Source: PIB (Press Information Bureau)

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