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/ India News / 2007 / August 2007 / August 16, 2007 CCEA approves twin NDC proposals of ACA scheme and National Food Security Mission |
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The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for a new Additional Central Assistance (ACA) Scheme which would be an incentive to those States that increase their share of agriculture in their State Plans.
New Delhi, Aug 16 : The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for a new Additional Central Assistance (ACA) Scheme which would be an incentive to those States that increase their share of agriculture in their State Plans.
An outlay of Rs.1500 crore for the Scheme for the year 2007-2008, along with an allocation of Rs.25,000 crore for five years has also been approved by the CCEA.
The objectives of the scheme that were laid down by the National Development Council (NDC) in its May 29 resolution are to enhance public investment in agriculture and allied sectors, to incentivise States to draw up comprehensive State and District Agriculture Plans and to help the States to achieve the targeted agricultural growth rates.
The funds under the ACA would be provided to the States as 100 per cent grant by the Central Government.
The CCEA also approved launching of a Centrally Sponsored Scheme 'National Food Security Mission (NFSM)' to enhance the production of rice, wheat and pulses by 10, 8 and 2 million tons respectively by 2011.
The NDC in a resolution had called for setting up this scheme.
In addition to the above, CCEA also approved the revision in the existing norms governing ISOPOM (Integrated Scheme of Oilseeds, Pulses, Oil Palm and Maize) and distribution of quality seeds, addition of more implementing agencies and inclusion of new components.
ANI
