Rashtriya Krishi Vikas Yojana (RKVY)

Rashtriya Krishi Vikas Yojana (RKVY) is a flagship Centrally Sponsored Scheme launched by the Government of India in 2007 to promote the growth of agriculture and allied sectors through higher public investment. Now implemented as RKVY-RAFTAAR, the scheme supports state-specific agricultural projects, improves farm productivity, and encourages innovation, infrastructure, and sustainable farming practices.

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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.

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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

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

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Eligibility Criteria of Rashtriya Krishi Vikas Yojana

Parameter	Details
Applicant Type	State governments, institutions, startups, agripreneurs, and farmer groups
Occupation	Must be engaged in agriculture or allied sectors
Beneficiary Category	Farmers, SHGs, FPOs, and agri-entrepreneurs
Income Criteria	No fixed national income criteria
Project Requirement	Must be part of an approved RKVY project
Coverage Area	Applicable across all states and union territories

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

Q: What is the Rashtriya Krishi Vikas Yojana?

Ans: Rashtriya Krishi Vikas Yojana (RKVY scheme) supports agriculture growth in India by funding farming and allied sector development.
Q: Who launched the Rashtriya Krishi Vikas Yojana?

Ans: In 2007, the Government of India launched the Rashtriya Krishi Vikas Yojana to boost agriculture development.
Q: What is the main focus of RKVY funding?

Ans: The RKVY scheme focuses on boosting agriculture growth by encouraging states to invest more in farming and allied sectors.
Q: How to check Rashtriya Krishi Vikas Yojana status?

Ans: You can check the Rashtriya Krishi Vikas Yojana (RKVY scheme) status by logging into the portal and tracking it using your application ID.
Q: What are the benefits of RKVY?

Ans: RKVY benefits include better farm planning, higher farmer income, flexible state programs, and improved crop productivity under the RKVY scheme.
Q: What is the new name of RKVY?

Ans: The Rashtriya Krishi Vikas Yojana (RKVY scheme) is now called PM-RKVY, formerly known as RKVY Raftaar.
Q: What is the RKVY subsidy scheme?

Ans: The Rashtriya Krishi Vikas Yojana provides subsidies to support farming, agribusiness, and innovation under RKVY Raftaar.
Q: Who is eligible for the RKVY scheme?

Ans: Farmers, agri-startups, entrepreneurs, and state agencies can apply under the Rashtriya Krishi Vikas Yojana with suitable projects.
Q. What is the main focus of funding under Rashtriya Krishi Vikas Yojana (RKVY)?

Ans: Funding under Rashtriya Krishi Vikas Yojana (RKVY) mainly supports pre- and post-harvest infrastructure, agricultural innovation, agri-entrepreneurship, and state-led farming projects.
Q. What is the Rashtriya Krishi Vikas Yojana (RKVY)?

Ans: Rashtriya Krishi Vikas Yojana (RKVY) is a Government of India scheme that provides financial support to states for agriculture and allied sector development.
Q. What benefits do farmers get under the RKVY Yojana?

Ans: Under the RKVY Yojana, farmers receive training, technical guidance, financial assistance, and support for innovation, agri-business, and modern farming practices.
Q. How much financial assistance is available under Rashtriya Krishi Vikas Yojana?

Ans: Eligible projects can receive funding of up to ₹5 lakh, with most of the cost covered through government grants under the scheme guidelines.
Q. What are the benefits of Rashtriya Krishi Vikas Yojana (RKVY)?

Ans: Rashtriya Krishi Vikas Yojana (RKVY) improves agricultural infrastructure, strengthens value chains, promotes digital agriculture, and supports livestock, fisheries, and agri-entrepreneurship.

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