Important for UPSC Prelims: Agriculture | Government Schemes
Context
- Recently, Maharashtra became the first State to qualify for the second installment under the Rashtriya Krishi Vikas Yojana (RKVY) after utilising more than 75% of the first installment released by the Government of India.
- The Union Government had released ₹335 crore as the first installment, of which the State utilised around ₹260 crore, making it eligible for the second installment of ₹335 crore.
What is Rashtriya Krishi Vikas Yojana (RKVY)?
- Rashtriya Krishi Vikas Yojana (RKVY) is a Centrally Sponsored Scheme (CSS) aimed at promoting the overall development of the agriculture and allied sectors.
- It was launched in 2007 during the 11th Five-Year Plan.
- It is implemented by the Ministry of Agriculture & Farmers’ Welfare.
- The scheme provides financial assistance to States to prepare and implement State-specific agriculture development plans based on local needs and priorities.
Objectives
- Promote sustainable growth in agriculture and allied sectors.
- Increase farmers’ income and agricultural productivity.
- Encourage States to invest more in agriculture.
- Support innovation, technology adoption, and infrastructure development.
Funding Pattern
- General States: 60 : 40 (Centre : State)
- North-Eastern & Himalayan States: 90 : 10
- Union Territories (without Legislature): 100% Central Assistance
How are Funds Released?
- Funds are released in installments.
- The second installment is released only after a State utilises at least 75% of the first installment and fulfils other prescribed conditions.
Conclusion
- RKVY is a key scheme for State-led agricultural development, promoting higher productivity, innovation, and sustainable growth through performance-based financial support.
| Important CTC from this article for UPSC: Rashtriya Krishi Vikas Yojana (RKVY) Kisan Credit Card (KCC) Scheme Mission for Integrated Development of Horticulture (MIDH) |