Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture and Allied Sectors Rejuvenation (RKVY-RAFTAAR)

Subject: Govt Schemes

Concept :

RashtriyaKrishiVikasYojana – Remunerative Approaches for Agriculture and Allied Sectors Rejuvenation (RKVY-RAFTAAR) is a unique scheme of Government of India, Ministry of Agriculture and Farmers’ Welfare (MoA&FW).
It is aimed at strengthening infrastructure in Agriculture and Allied sectors to promote Agripreneurship and Agribusiness by facilitating financial aid and nurturing a system of business incubation.
MANAGE-CIA, Centre for Innovation and Agripreneurship is a Centre of Excellence and Knowledge Partner to Ministry of Agriculture and Farmers’ Welfare for Implementation of RKVY-RAFTAAR Scheme

About RKVY-RAFTAAR :

RKVY scheme was initiated in 2007 as an umbrella scheme for ensuring holistic development of agriculture and allied sectors.
The scheme incentivizes States to increase public investment in Agriculture & allied sectors.
The Cabinet has approved (as on 1st November 2017) for the continuation of the ongoing Centrally Sponsored Scheme (State Plans) – RashtriyaKrishiVikasYojana (RKVY) as RashtriyaKrishiVikasYojana- Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR).

The main objective of RashtriyaKrishiVikasYojana is to develop farming as a main source of economic activity. Some of the objectives also include:

Risk mitigation, strengthening the efforts of the farmers along with promoting agri-business entrepreneurship through the creation of agri-infrastructure.
Providing all the states with autonomy and flexibility in making plans as per their local needs.
Helping farmers in increasing their income by encouraging productivity and promoting value chain addition linked production models.
To reduce the risk of farmers by focusing on increasing the income generation through mushroom cultivation, integrated farming, floriculture, etc.
Empowering the youth through various skill development, innovation and agri-business models.

Funding:

RKVY-RAFTAAR will continue to be implemented as a Centrally Sponsored Scheme in the ratio of 60: 40 (Government of India and State Share respectively) except in the case of northeastern and hilly states where the sharing pattern is 90:10.
For UTs the grant is 100% as Central share.