Rashtriya Krishi Vikas Yojana (RKVY)

RKVY scheme was initiated in 2007 as an umbrella scheme for ensuring holistic development of agriculture and allied sectors by allowing states to choose their own agriculture and allied sector development activities as per the district/state agriculture plan. Since 2015-16, the funding pattern of the scheme has been altered in the ratio of 60:40 between Centre and States

RKVY scheme incentivizes States to increase public investment in Agriculture & allied sectors. The funds are released to the State Governments/UTs on the basis of projects approved in the State Level Sanctioning Committee Meeting (SLSC) headed by the Chief Secretary of the concerned State, which is the empowered body to approve projects under the scheme. It is for the State Govt. to further implement the scheme in the State as per its requirement in areas which requires focused attention for increasing production and productivity in the State.

The Cabinet has approved ( as on 1st November 2017) for 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) for three years i.e. 2017-18 to 2019-20 with broad objectives of making farming a remunerative economic activity through strengthening the farmer’s effort, risk mitigation and promoting agri-business entrepreneurship. Under RKVY-RAFTAAR, major focus is on pre & post-harvest infrastructure, besides promoting agri-entrepreneurship and innovations. Funds under RKVY-RAFTAAR would be provided to the States as grant by the Central Government in the following streams.

The following two projects have been sanctioned under RKVY for implementation by SHM-K during 2020-21: