Consider the following statements about the Rashtriya Krishi Vikas Yojana RKVY ndash 1 nbs...........

Economic Affairs Agricultural Policy and Growth

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Consider the following statements about the Rashtriya Krishi Vikas Yojana (RKVY) –

1. It was launched during 2007-08 to achieve 4% agricultural sector growth.

2. It requires the States to prepare District and State Agriculture Plans.

3. Additional Central Assistance (ACA) is made available to the States as 100% grants.

Which of the statement given above is / are correct?

1, 2 and 3

1 and 2 only

2 and 3 only

1 and 3 only

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Explanation:

RKVY was launched during 2007-08 to achieve 4% annual growth in agricultural sector by ensuring holistic development. The scheme was under implementation from XI Five Year Plan. It requires the States to prepare District and State Agriculture Plans for creation of such infrastructure, which are essential to catalyse the existing production scenario for achieving higher production. Additional Central Assistance (ACA) is made available to the States as 100% grants.