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Rashtriya Krishi Vikas Yojana

Topics Covered: Major crops cropping patterns in various parts of the country, different types of irrigation and irrigation systems storage, transport and marketing of agricultural produce and issues and related constraints; e-technology in the aid of farmers.

Rashtriya Krishi Vikas Yojana:


Context:

Ministry of Agriculture funding start-ups under the innovation and agripreneurship component of Rashtriya Krishi Vikas Yojana in 2020-21.

Background:

A component, Innovation and Agri-entrepreneurship Development programme has been launched under Rashtriya Krishi Vikas Yojana in order to promote innovation and agripreneurship by providing financial support and nurturing the incubation ecosystem.

  • These start-ups are in various categories such as agro-processing, artificial intelligence, digital agriculture, farm mechanisation, waste to wealth, dairy, fisheries etc.

The following are the components of this scheme:

  1. Agripreneurship Orientation – 2 months duration with a monthly stipend of Rs.  10,000/- per month.  Mentorship is provided on financial, technical, IP issues etc.
  2. Seed Stage Funding of R-ABI Incubatees – Funding upto Rs. 25 lakhs (85% grant & 15% contribution from the incubatee).
  3. Idea/Pre-Seed Stage Funding of Agripreneurs – Funding up to Rs. 5 lakhs (90% grant and 10% contribution from the incubatee).

About Rashtriya Krishi Vikas Yojana:

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

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

  1. Risk mitigation, strengthening the efforts of the farmers along with promoting agri-business entrepreneurship through the creation of agri-infrastructure.
  2. Providing all the states with autonomy and flexibility in making plans as per their local needs.
  3. Helping farmers in increasing their income by encouraging productivity and promoting value chain addition linked production models.
  4. To reduce the risk of farmers by focusing on increasing the income generation through mushroom cultivation, integrated farming, floriculture, etc.
  5. 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.

InstaLinks:

Prelims Link:

  1. When was the scheme launched?
  2. Funding under the scheme.
  3. Objectives of the scheme.
  4. Various components under the scheme.

Mains Link:

Write a note on the Rashtriya Krishi Vikas Yojana.

Sources: pib.