Explanation:

The CCEA cleared the continuation of RKVY as RKVY-RAFTAAR for three years till 2019-20.

• It is aimed at making farming a remunerative economic activity through strengthening the farmer’s effort, risk mitigation and promoting agribusiness entrepreneurship
• 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.