RKVY Scheme All Information
RKVY Scheme, One of the Government of India’s special initiatives is the National Agriculture Development Program, often known as the Rashtriya Krishi Vikas Yojana (RKVY). The Ministry of Agriculture and Farmers’ Welfare is in charge of it. By facilitating financial assistance and fostering a system of company incubation, the program primarily aims to improve the infrastructure in agriculture and related industries in order to encourage agribusiness and agripreneurship. Remunerative Approaches for Agriculture and Allied Sectors Rejuvenation (RAFTAAR) was the new name for the 2007-created RKVY program. One of the most crucial subjects for the UPSC IAS exam is the Rashtriya Krishi Vikas Yojana (RKVY Scheme). It covers current events of national relevance in UPSC preliminary exams as well as a large portion of the Government Schemes topic in the General Studies Paper-2 curriculum.
Let’s examine the Rashtriya Krishi Vikas Yojana Scheme, also known as the RKVY-Raftaar scheme, in this post. We’ll look at its origins, goals, key elements, financing patterns, primary sectors covered, relevance, sub-schemes, and most current revisions.
Contents
The Government of India introduced the centrally supported Rashtriya Krishi Vikas Yojana (RKVY) in 2007. The program’s objective is to give states and union territories financial assistance for the growth of the agricultural and related industries.
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Key details regarding the history of the Rashtriya Krishi Vikas Yojana (RKVY) program are as follows:
By encouraging agribusiness entrepreneurship, reducing risk, and bolstering farmer efforts, RKVY-RAFTAAR seeks to turn farming into a profitable economic activity.
Below is a list of some of the scheme’s primary goals:
The following are the key components of the Rashtriya Krishi Vikas Yojana (RKVY) program:
This guarantees the agriculture sector’s overall growth.
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This element offers farmers financial assistance for using improved methods and new technology, including:
This element gives farmers financial support to increase the production of their animals. This comprises:
This element offers farmers financial assistance for the development and marketing of horticultural crops. This includes backing for:
This element gives fisherman financial support to increase their revenue and productivity. This includes backing for:
Farmers and business owners can receive financial assistance from this component. It aids in the establishment and growth of agro-processing facilities. This raises the value of agricultural products and generates employment in the field.
The following are the requirements to be eligible for the Rashtriya Krishi Vikas Yojana (RKVY) program:
Under the program, the federal government and state governments share 60:40 in financing; for states in the northeast and the Himalayas, the ratio would be 90:10. The full sum is financed by the central government for the Union territory.
Each qualified state would receive funding from the Central Government under the scheme based on the following weights and criteria:
Process of Allocation of the funds under the RKVY to the States | ||
Sl. No. | Parameter | Weight |
1 | The percentage share of net un-irrigated area in a state to the net unirrigated area of the eligible states. | 20% |
2 | The Gross State Domestic Product (GSDP) that the States must reach by the end of the 11th Plan will be calculated using the expected growth rates to a base year (2005–2006) GSDP for the agriculture sector and allied sectors. | 30% |
3 | An increase in the total Planned expenditures in the agricultural and allied sectors from the previous year. | 50% |
The majority of the nation’s significant sectors are covered by the RKVY Raftaar plan, including:
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Q. What are the Rashtriya Krishi Vikas Yojana scheme’s four key elements?
Ans: Production and Growth, RKVY – Infrastructure and Assets, RKVY Special Schemes, and RKVY Flexi Fund are the four primary parts of the Rashtriya Krishi Vikas Yojana.
Q. Does the RKVY RAFTAAR program have central sponsorship?
Ans: With the exception of the northeastern and hilly regions, where the distribution is 90:10, RKVY-RAFTAAR will be implemented as a centrally supported program, with the Indian government contributing 60% and the states contributing 40%.
Q. Which year saw the start of the National Saffron Mission?
Ans: When the National Saffron Mission (NSM) was first established in 2010–11, it was limited to saffron growing in Jammu & Kashmir. But in 2020, the government brought this objective back to life and increased agriculture in the country’s northeast.
Q. List the Indian states where the BGREI program was introduced.
Ans: As a sub-scheme of the Rashtriya Krishi Vikas Yojana, the BGREI program was introduced in 2010–11 in seven states: Assam, Bihar, Chhattisgarh, Jharkhand, Eastern Uttar Pradesh, Orissa, and West Bengal. These governments developed significant action plans for the program.
Q. Which Union government agency introduced the RKVY program?
Ans: Rashtriya Krishi Vikas Yojana is known by its full name, RKVY. In order to achieve 4% annual growth in the agriculture sector during the XIth Plan period, the Department of Agriculture and Cooperation (DAC), which is part of the Ministry of Agriculture, Government of India, launched the RKVY initiative in 2007–2008.
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