Rashtriya Krishi Vikas Yojana (RKVY – RAFTAAR)

March 23, 2018 March 25, 2022

Rashtriya Krishi Vikas Yojana was launched as a central sector scheme in 2007 to provide support to various kinds of interventions in agricultural sector to achieve 4% annual growth in agriculture. This scheme serves as an umbrella for various such initiatives. In this scheme, the states are allowed to choose their own agriculture and allied sector development activities as per the district/state agriculture plan. On the basis of experience and feedback from states, the government has revamped the scheme as RKVY – RAFTAAR – Remunerative Approaches for Agriculture and Allied sector Rejuvenation.

Objectives

The key aim of this scheme is to make farming a remunerative economic activity through:

Strengthening the farmers’ efforts, risk mitigation and promoting agri-business entrepreneurship via creation of agri-infrastructure.
Provide flexibility and autonomy to states to make plans and execute as per their local needs.(iii) To promote value chain addition linked production models that will help farmers increase their income as well as encourage production/productivity.
To mitigate risk of farmers with focus on additional income generation activities – like integrated farming, mushroom cultivation, bee keeping, aromatic plant cultivation, floriculture etc.
To attend national priorities through several sub-schemes.
To empower youth through skill development, innovation and agri-entrepreneurship based agribusiness models that attract them to agriculture.

Sectors Covered

The RKVY – Raftaar covers all sectors such as Crop Cultivation, Horticulture, Animal Husbandry and Fisheries, Dairy Development, Agricultural Research and Education, Forestry and Wildlife, Plantation and Agricultural Marketing, Food Storage and Warehousing, Soil and Water Conservation, Agricultural Financial Institutions, other Agricultural Programmes and Cooperation.

Financial Allocation

The financial centre and states share expenditure in this scheme on 60:40 ratio. This ratio is 90:10 between North Eastern States and Himalayan States.