New Delhi, Oct 3 (PTI) Union Cabinet on Thursday approved two major schemes -- PM Rashtriya Krishi Vikas Yojana and Krishonnati Yojana -- with an expenditure of over Rs 1 lakh crore to promote sustainable agriculture and ensure food security.

The Cabinet approved the PM Rashtriya Krishi Vikas Yojana (PM-RKVY) to promote sustainable agriculture and Krishonnati Yojana (KY) to achieve food security for self-sufficiency.

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The combined total expenditure will be Rs 1,01,321.61 crore, the government said in a post on social media platform X.

"Cabinet approved rationalisation of all centrally sponsored schemes operating under Ministry of Agriculture into two umbrella scheme," it added.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)