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09/09/22 06:50 AM IST

Project Management Unit (PMU)

In News 
  • The Union Minister of Agriculture and Family Welfare, Shri Narendra Singh Tomar launched the Project Management Unit (PMU) on Public-Private Partnership (PPP) in Agriculture in New Delhi recently. 
About PMU 
  • The primary objective of this PPP initiative is to enhance the income of small farmers by creating additional value, - from provisioning of quality inputs, technology extension to market linkages, and value addition.
  • PPP initiatives are also expected to lead to modernizing agriculture practices, promoting research in climate resilient crops, developing agriculture and rural infrastructure, and increasing agricultural exports.
  • A particular objective is to assist the States to unlock the full potential of their respective agro-climatic regions, and wide variety of agri-produce and help producers to integrate better with domestic and export markets.
Significance 
  • Agriculture investments and increasing gross capital formation in agriculture are key to modernizing the Agriculture sector.
  • Combining public investments, in the form of various Central Government and State Government initiatives in agriculture along with the Private sector investment, can be a force multiplier for the agriculture sector.
  • The Government is keen to incentivize PPP initiatives in the Agriculture sector to improve yields, reduce losses and enhance farmer incomes.
  • PPP initiatives will crowd in private capital in agriculture, leverage public investment and align the Central and State Governments, the Private sector, and farmers in a shared vision of dynamic and value-added growth in the sector. 
Source- PIB 

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