Ministry/Department : Ministry of Agriculture
Aim: To make farming remunerative economic activity by strengthening farmer’s effort, risk mitigation and promoting agribusiness entrepreneurship.
Scheme:
- Government has approved continuation of 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.
- The scheme aims to fast-track agriculture development by emphasising on development of agriculture infrastructure, specifically post-harvest infrastructure and assets, promotion of value addition linked agri-business models.
- The financial allocation of scheme is Rs. 15,722 crore and it will be provided to states as 60:40 grants between Centre and States (90:10 for North Eastern States and Himalayan States).
- Under it, 50% of annual outlay will be provided for setting up infrastructure and assets, 30% for value-addition linked production projects and 20% of outlay will be flexi-funds for supporting any project as per the local needs.
- Moreover, about 20% of the annual outlay will be provided for implementing special sub-schemes of national priorities under RKVY-RAFTAAR.
- Also, 10% of annual outlay will be provided for innovation and agri-entrepreneur development through creating end-to-end solution, skill development and financial support for setting up the agri-enterprise.
- Besides, funding of special sub-schemes of national priorities will get 20% of annual outlay.
- The sub-schemes includes national priorities such Bringing Green Revolution to Eastern India (BGREI), Crop Diversification Program (CDP), Reclamation of Problem Soil (RPS), Foot & Mouth Disease – Control Program (FMD-CP), Saffron Mission, Accelerated Fodder Development Programme (AFDP).
- The scheme will incentivize states to enhance more allocation to Agriculture and Allied Sectors.
- Its continuation will therefore keep momentum of agriculture and allied sector growth.
- It will strengthen farmer’s efforts through creation of agriculture infrastructure that will help in supply of quality inputs, market facilities etc.
- It will further promote agri-entrepreneurship and support business models that will maximize returns to farmers.