RASHTIRYA KRISHI VIKAS YOJANA (Syllabus: GS Paper 2 – Govt Policies)

News-CRUX-10     16th February 2024        

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)

  • About: was launched as a flagship scheme of the Department of Agriculture & Farmers’ Welfare (DA&FW) in 2007-2008.
  • Objective: To incentivize States to draw up comprehensive agriculture development plans, taking into account agroclimatic conditions, natural resources and technology for ensuring more inclusive and integrated development of agriculture and allied sectors.
  • Features of the RKVY Scheme

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.

  • Main components of this programme:

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.