Context: Recently, Union Minister of State for Agriculture and Farmers Welfare Ms. Shobha Karandlaje announced that the Department of Agriculture and Farmers Welfare, Govt of India released Rs.235.14 crores to the Govt of Karnataka on 15th Feb 2024 as the 3rd instalment under Rashtirya Krishi Vikas Yojana (RKVY) for the financial year 2023-24.
Rashtirya Krishi Vikas Yojana (RKVY)
oState Plan Scheme Operation: States are entrusted with the responsibility of planning and executing it.
oFlexibility and Empowerment: It empowers states to customize the scheme according to their unique requirements.
oDiverse Covered Sectors: Covered sectors include crop production, animal husbandry, horticulture, fisheries, and agro-processing.
oStrengthening of existing Agribusiness Incubators (ABI) and setting up new one R-ABI
o2 months training/incubation support to entrepreneurs/startups.
oTo provide technical and financial support to Agri-startups.
o.Mentorship support on technical, IP issues, testing, product & technology validation, etc.
oSeed Stage Funding of R-ABI Incubatees – Funding upto Rs. 25 lakhs Grant-in-aid.
oIdea/Pre-Seed Stage Funding of Agripreneurs – Funding up to Rs. 5 lakhs Grant-in-aid.
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