Rashtriya Krishi Vikas Yojana (RKVY)

Note- The scheme was revamped as RKVY RAFTAAR (Remunerative Approaches for Agriculture and Allied Sector Rejuvenation) in 2017–18, with a focus on pre- and post-harvest infrastructure, value addition, and agripreneurship development.

Objectives of Rashtriya Krishi Vikas Yojana (RKVY)

The Rashtriya Krishi Vikas Yojana (RKVY) has a set of objectives that focus on inclusive, income-oriented, and sustainable agricultural development. Some of the top objectives of the RKVY Yojana subsidy scheme:

• Increase public and private investment in agriculture and allied sectors to support long-term agricultural development under the Rashtriya Krishi Vikas Yojana (RKVY).

• Promote balanced growth in farming by helping states implement projects based on local agricultural needs.

• Improve farmers' productivity by developing essential pre-harvest and post-harvest infrastructure, including storage, irrigation, and market facilities.

• Reduce farming risks and increase farmers' income by encouraging diversified activities such as livestock, fisheries, floriculture, mushroom cultivation, and integrated farming.

• Support innovation, agri-business, and entrepreneurship through the RKVY Yojana, creating better opportunities for rural youth.

Features and Benefits of RKVY Scheme

The Rashtriya Krishi Vikas Yojana RKVY is a key initiative among various government schemes for farmers that focus on improving productivity and resource utilisation. Rashtriya Krishi gives the freedom to states to formulate agriculture-related projects and make sure focused development through decentralised planning.

Key Components

• RKVY-RAFTAAR: Focuses on agribusiness incubation, innovation, and entrepreneurship

• Infrastructure Development: Favors storage, irrigation, and processing facilities

• Value Chain Projects: Encourage integrated agriculture from production to marketing

• State Flexibility: States choose projects according to local agricultural priorities

• Funding pattern: 60:40 (Centre:State), 90:10 for NE/Himalayan, 100% for UTs

Also read: Government life insurance

Benefits of RKVY Agriculture Scheme in India

The Rashtriya Krishi Vikas Yojana mainly focuses on uplifting the farmers and making agriculture a profitable business. Some of the RKVY Yojana benefits are -

• Funding up to Rs 25 lakh to agricultural startups

• Financial support to entrepreneurs up to Rs 5 lakh

• Government-backed financial & technical guidance for Agri-entrepreneurship

• Access to modern agricultural machinery and post-harvest infrastructure (warehousing, cold storage)

• Employment opportunities for rural youth

Eligibility Criteria of Rashtriya Krishi Vikas Yojana

Policy Rules and Conditions

• Budgets are prepared based on approved proposals under the Rashtriya Krishi Vikas Yojana (RKVY).

• The projects should be in line with State and District Agriculture Plans.

• State-Level Sanctioning Committees do this through monitoring of implementation.

• Financial assistance is provided only for specified RKVY Yojana components.

• Funds must be utilised according to the government's prescribed guidelines.

Application Process of Rashtriya Krishi Vikas Yojana

The Rashtriya Krishi Vikas Yojana RKVY is primarily a government initiative that does not require separate applications for every component. However, eligible applicants can apply for specific components, such as agribusiness incubation.

Mode of Application

• Online through state agriculture portals or RKVY Yojana incubation platforms.

• Off-line via agricultural higher institutions or incubation facilities

Step-by-Step Process

• Identify the relevant Rashtriya Krishi component.

• Browse to the official portal or incubation center

• Create an account using the necessary information

• Place an application/project proposal

• The authorities evaluate the application

• The chosen candidates are given support or financing

Documents Required

• Identity proof

• Project proposal or business plan

• Relevant documents as required

• Bank account details

In addition to the benefits offered under the RKVY Yojana, individuals planning for long-term financial security can also consider structured options such as top savings plans to meet future financial needs.

Wrapping Up

The Rashtriya Krishi Vikas Yojana (RKVY) is an important government initiative that promotes agricultural growth by enabling states to implement need-based development projects. Through its flexible approach, the Rashtriya Krishi Vikas Yojana RKVY supports infrastructure development, innovation, entrepreneurship, and efficient resource utilisation across agriculture and allied sectors, helping improve farmers' livelihoods and strengthen the agricultural ecosystem.

FAQs