New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on August gave a green signal for two major schemes - Additional Central Assistance (ACA) scheme and the National Food Security Mission (NFSM) for wheat, rice and pulses - with a total expenditure of more than Rs 29,800 crore to accelerate growth in the agriculture sector.
They are aimed at enhancing public investments in agriculture sector to raise its growth rate to 4 per cent per year. Under the ACA scheme, an outlay of Rs 1,500 crore has been approved for the current fiscal, along with an allocation of Rs 25,000 crore for the Eleventh Five-Year Plan. The funds released under the ACA scheme would be provided to states as 100 per cent grant by the central government.
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