Rashtriya Krishi Vikas Yojana (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 plan.
RKVY scheme give incentives to States to increase public investment in Agriculture & allied sectors.
Under RKVY, States have been provided flexibility and autonomy for selection, planning approval and execution of projects/programs as per their need, priorities and agro-climate requirements.
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.
Highlights of the scheme
It is a State Plan scheme.
Preparation of the district and State Agriculture Plans is mandatory.
It is 100% Central Government Grant.
It will integrate agriculture and allied sectors.
It will give high levels of flexibility to the states.
Objectives
To incentivize the states that increase their investment in Agriculture and allied sectors.
To provide flexibility and autonomy to the States in planning and executing programmes for agriculture.
To achieve the goal of increasing the yield in important crops.
Maximization of returns to the farmers.
List of allied sectors covered under Rashtriya Krishi Vikas Yojana (RKVY)
Crop production (including Horticulture)
Animal Husbandry, Dairy Development and Fisheries
Agricultural Research and Education
Agricultural Marketing
Food storage and Warehousing
Soil and Water Conservation
Agricultural Financial Institutions
Other Agriculture Programmes and Cooperation
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