RKVY Scheme – Benefits | Objectives | Application Procedure and Much More!

The Rashtriya Krishi Vikas Yojana (RKVY) initiative, also known as the National Agriculture Development Program, is a one-of-a-kind scheme run by the Government of India’s Ministry of Agriculture and Farmers’ Welfare.

The initiative is primarily focused on developing infrastructure in agriculture and related industries in order to foster Agripreneurship and Agribusiness through monetary assistance and the development of a business incubation system.The RKVY plan, which was established in 2007, was later renamed Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RAFTAAR).

The Objective of the RKVY Scheme

The primary objective of the Rashtriya Krishi Vikas Yojana is to promote agriculture as the primary economic activity. Among the other objectives are:

  • Risk reduction, bolstering farmer efforts, and fostering agri-business entrepreneurship through the development of agri-infrastructure.
  • Providing all states with the autonomy and flexibility to make plans according to their local requirements.
  • Helping producers increase their income by encouraging productivity and promoting production models linked to value chain addition.
  • To reduce the risk of producers by emphasizing the increase of income through mushroom cultivation, integrated agriculture, floriculture, etc.
  • Providing adolescents with opportunities for skill development, innovation, and agribusiness.

The Rashtriya Krishi Vikas Yojana Scheme’s Key Characteristics

The key characteristics of the Rashtriya Krishi Vikas Yojana (RKVY) program are listed below:

RKVY Scheme

  • A comprehensive and integrated strategy for agricultural development is the RKVY program. It includes a broad range of pursuits and industries. Crop cultivation, animal husbandry, horticulture, fisheries, and agro-processing are all included in this.
  • The RKVY plan is adaptable. It enables states and districts to modify the plan to suit their unique requirements.
  • The federal government and the state governments jointly support the RKVY program. This guarantees that the plan has the resources it needs to be implemented successfully.
  • The Ministry of Agriculture is in charge of overseeing the RKVY program. This guarantees that the plan is carried out in a transparent and responsible way.

What Other Sectors Are Included in the Rashtriya Krishi Vikas Yojana?

The industries covered by the Rashtriya Krishi Vikas Yojana are listed below.

  • Horticulture
  • Crop Husbandry
  • Animal Husbandry
  • Dairy Development
  • Agricultural Research and Education
  • Fisheries
  • Food storage and Warehousing
  • Soil and Water Conservation
  • Agricultural Marketing
  • Agricultural Financial Institutions
  • Other Agriculture Programmes and Cooperation

Required Documents for Rashtriya Krishi Vikas Yojana

The following is a list of essential documents that states must submit to receive RKVY funding.

  • Quarterly report on performance (physical and financial accomplishments) and outcomes within the specified time frame and format.
  • 100% Utilization Certificates (UCs) for funds allocated during the preceding fiscal year.

Who is Eligible for the Rashtriya Krishi Vikas Yojana?

The PM Krishi Vikas Yojana is open to Indian citizens who are engaged in agriculture and affiliated industries.

Apun Bahan Scheme Assam – Benefits | Eligibility Criteria and Application Procedure!

In 2021-22, under the Rashtriya Krishi Vikas Yojana, producers will receive a 20-50 percent subsidy for fruit cultivation and traditional farming. Farmers can apply for this grant online. The selection will be made by the relevant department. Using the Direct benefit transfer (DBT) system, grants will reach certain producers.

Rashtriya Krishi Vikas Yojana’s Eligibility Criteria

States will be eligible for the Rashtriya Krishi Yojana if the following conditions are met:

  • All states and union territories are entitled to participate.
  • State and district agricultural plans (SAPs and DAPs) have been developed.
  • States spend at least a percentage of their budgets on agriculture and allied industries. They must also pay special attention to marginalized farmers.
  • When states receive funding from the Central Government, they can distribute them directly to farmers or communities involved in agricultural operations.

What is the Rashtriya Krishi Vikas Yojana’s Application Process?

  1. Farmers must visit the closest Krishi Vigyan Kendra (KVK) to fill out an application for the RKVY. The application form can be received from the office of the Deputy Director of Agriculture or downloaded from the KVK website (Krishi Vigyan Kemdra Knowledge Network).
  2. Farmers will be chosen after an application review by a committee to determine their eligibility.
  3. Farmers must sign a Memorandum of Understanding (MoU) with the KVK after being chosen. The farmer’s obligations and the support the KVK will offer are described in the MoU.
  4. Farmers will get a time-bound action plan when the MoU is signed. Farmers are required to carry out the action plan and send the KVK status reports.
  5. A certificate of completion will be presented to farmers once they have completed the RKVY successfully.
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