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Recently, CCEA approved 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 i.e. 2017-18 to 2019-20. Which of the following are included in it as sub-schemes?
All
1,2,3,4
2,3,4,6
1,3,5,6
(RKVY-RAFTAAR) for three years i.e. 2017-18 to 2019-20, following are included in it as sub-schemes:
Objective: To make farming a remunerative economic activity through strengthening the farmer's effort, mitigating risk and promoting agribusiness entrepreneurship. Funding: Funds would be provided to States as 60:40 grants between Centre and States (90:10 for North-Eastern States and Himalayan States). It will incentivize states to increase allocations for agriculture and allied sectors and help in creation of post-harvestinfrastructure and promotion of private investment in the farm sector across the country.
It was launched in 2007 on the recommendation of the National Development Council. Aim: To achieve 4% annual growth in agriculture sector. It is a special Additional Central Assistance scheme to incentivise States that increase their investment in agriculture and allied sectors. It encouraged decentralized planning for agriculture and allied sectors through preparation of District Agriculture Plans (DAPs) and State Agriculture Plan (SAP) based on agro-climatic conditions, availability of appropriate technology and natural resources to ensure accommodation of local needs, cropping pattern, priorities etc. Impact of RKVY: It was successful in increasing agricultural State Domestic Product (AGSDP) during its implementation and almost all the states registered higher value of output from agriculture and allied activities in the post-RKVY period.
By: Abhishek Sharma ProfileResourcesReport error
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