24 August 2017 Current Affairs: The Cabinet Committee on Economic Affairs approved the renaming of the new Central Sector Scheme- SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) as "Pradhan Mantri Kisan Sampada Yojana (PMKSY)" for the period of 2016-20 coterminous with the 14th Finance Commission cycle.
The new scheme was approved by the Central Government in the month of May.
The objective of PMKSY is to supplement agriculture, modernize processing and decrease Agri-Waste.
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