HomeGovt SchemesRashtriya Krishi Vikas Yojana (RKVY)

Rashtriya Krishi Vikas Yojana (RKVY)

Rashtriya Krishi Vikas Yojana (RKVY) राष्ट्रीय कृषि विकास योजना (रफ़्तार) – Rashtriya Krishi Vikas Yojana was launched in 2007 that aims to provide and ensure the holistic development of agriculture and allied sectors.

  • Indian states have been permitted to choose their agriculture and allied sector development activities under Rashtriya Krishi Vikas Yojana.
  • The development activities must be based on district and state agriculture plans.
  • 100% of funding is provided by the Central government and the initiative was initiated as additional Central assistance to the state plan scheme.
  • RKVY scheme incentivizes States to increase public investment in Agriculture & allied sectors. Under RKVY, States have been provided flexibility and autonomy for selection, planning approval and execution of projects/programs under the scheme as per their need, priorities and agro-climate requirements.
  • The Cabinet approved continuing the ongoing Centrally Sponsored Scheme (State Plans) – Rashtriya Krishi Vikas Yojana (RKVY) as Rashtriya Krishi Vikas Yojana- Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR) for three years i.e. 2017-18 to 2019-20.
  • The Cabinet also allocated Rs. 15,722 crores that aim to make farming a remunerative economic activity through strengthening the farmer’s effort, risk mitigation and promoting agri-business entrepreneurship.

Rashtriya Krishi Vikas Yojana: objectives

  • It encourages each state government to enhance its public investment in agriculture and related services.
  • It incentivizes States to increase public investment in Agriculture & allied sectors.
  • It aims to focus attention on increasing production and productivity in the State.
  • the returns to the farmers in the agricultural and related industries are optimized.

Rashtriya Krishi Vikas Yojana: Sectors

  • Crop Cultivation and Horticulture
  • Animal Husbandry and Fisheries
  • Plantation and Agricultural Marketing
  • Food storage and warehousing
  • Sohail and water conservation
  • Dairy Development, Agriculture Research, and Education.
  • Forestry and Wildlife
  • Agriculture financial institutions, other agricultural programs, and cooperations.

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