New
Delhi, Nov 1: The Cabinet Committee on Economic Affairs (CCEA) on
Wednesday cleared the
continuation of Rashtriya Krishi Vikas Yojana (RKVY) as Rashtriya Krishi Vikas Yojana - Remunerative
Approaches for Agriculture and Allied sector Rejuvenation (RKVY-RAFTAAR) for three years till 2019-20.
The scheme with financial allocation of Rs 15,722 crore was cleared by CCEA chaired by Prime Minister
Narendra Modi and is aimed at making farming a remunerative economic activity through strengthening
the farmer's effort, risk mitigation and promoting agribusiness entrepreneurship, an official statement here
said.
The scheme will incentivise states in enhancing more allocation to agriculture and allied sectors. This
will also strengthen farmer’s efforts through creation of agriculture infrastructure that help in supply of quality
inputs and market facilities. This will further promote agri-entrepreneurship and support business models
that maximise returns to farmers.
Under this, regular RKVY-RAFTAAR (Infrastructure & Assets and Production Growth) with 70 per cent of
annual outlay is allocated to states as grants for the following activities: infrastructure and assets with 50 per
cent of regular RKVY-RAFTAAR outlay; value addition linked production projects with 30 per cent of regular RKVY-RAFTAAR outlay and flexi-funds with 20 per cent of regular RKVY-RAFTAAR outlay. States can use
this for supporting any projects as per the local needs.
Besides, there is allocation for special sub-schemes of RKVY-RAFTAAR of national priorities for 20 per
cent of the annual outlay; and 10 per cent of annual outlay including two per cent of administrative costs
for innovation and agri-entrepreneur development through creating end-to-end solution, skill development
and financial support for setting up the agri-enterprise. UNI
continuation of Rashtriya Krishi Vikas Yojana (RKVY) as Rashtriya Krishi Vikas Yojana - Remunerative
Approaches for Agriculture and Allied sector Rejuvenation (RKVY-RAFTAAR) for three years till 2019-20.
The scheme with financial allocation of Rs 15,722 crore was cleared by CCEA chaired by Prime Minister
Narendra Modi and is aimed at making farming a remunerative economic activity through strengthening
the farmer's effort, risk mitigation and promoting agribusiness entrepreneurship, an official statement here
said.
The scheme will incentivise states in enhancing more allocation to agriculture and allied sectors. This
will also strengthen farmer’s efforts through creation of agriculture infrastructure that help in supply of quality
inputs and market facilities. This will further promote agri-entrepreneurship and support business models
that maximise returns to farmers.
Under this, regular RKVY-RAFTAAR (Infrastructure & Assets and Production Growth) with 70 per cent of
annual outlay is allocated to states as grants for the following activities: infrastructure and assets with 50 per
cent of regular RKVY-RAFTAAR outlay; value addition linked production projects with 30 per cent of regular RKVY-RAFTAAR outlay and flexi-funds with 20 per cent of regular RKVY-RAFTAAR outlay. States can use
this for supporting any projects as per the local needs.
Besides, there is allocation for special sub-schemes of RKVY-RAFTAAR of national priorities for 20 per
cent of the annual outlay; and 10 per cent of annual outlay including two per cent of administrative costs
for innovation and agri-entrepreneur development through creating end-to-end solution, skill development
and financial support for setting up the agri-enterprise. UNI
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