Rashtriya Krishi Vikas Yojana 2023 Fund Allocation, Benefits, Eligibility, Documents and online Apply

Agriculture is the backbone of India, and the government is committed to its growth and enhancement. In this regard, the Rashtriya Krishi Vikas Yojana (RKVY) was initiated by the Central Government in 2007. This ambitious scheme aims to uplift the agricultural sector by offering financial support for crop improvement and overall development. The program grants states the flexibility to select development activities that suit their specific agricultural and allied sector requirements.

This comprehensive article provides detailed insights into the Rashtriya Krishi Vikas Yojana (RKVY). By the end of this read, you will have a clear understanding of the scheme’s benefits, objectives, features, eligibility criteria, required documents, and application process.

Rashtriya Krishi Vikas Yojana 2023

The RKVY, introduced by the Central Government in 2007, serves as a catalyst for the holistic development of agriculture and related sectors. States and union territories have the liberty to tailor their development initiatives in alignment with their unique needs and priorities. The scheme was an integral part of both the 11th and 12th five-year plans.

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During the 11th Plan, a substantial amount of INR 22,408.76 crore was allocated to states, leading to the implementation of 5,768 projects. In the 12th Five-Year Plan, INR 3,148.44 crore was disbursed through the RKVY subsidy scheme, financing 7,600 projects across areas such as crop development, horticulture, and agricultural mechanization.

Until 2014-15, the scheme operated with full central assistance. However, since 2015-16, the funding pattern shifted to a 60:40 ratio between the Center and the States. Notably, Union Territories continue to receive 100% grant-based assistance.

Objective of the National Agricultural Development Scheme

The primary goal of the RKVY is to foster the development of agriculture and related sectors. This entails encouraging entrepreneurship in agribusiness, establishing a robust agricultural framework, and ensuring the availability of quality inputs, storage facilities, and markets. The scheme strives to tailor itself to the needs of farmers, ultimately increasing their income and contributing to the overall growth of the agricultural sector.

Administrative Structure of Rashtriya Krishi Vikas Yojana

The RKVY comprises two vital committees:

1. State Level Project Screening Committee: This committee evaluates project proposals and comprises members appointed by the State Chief Secretary. It ensures that all project submissions are thoroughly assessed.
2. State Level Sanctioning Committee: Comprising the Chief Secretary as its chairman, this committee approves projects that have undergone scrutiny by the State Level Project Screening Committee.

Rashtriya Krishi Vikas Yojana details

The RKVY encompasses various components, including:

1. Regular RKVY-RAFTAAR (Infrastructure/Asset): States have the freedom to allocate 20% of the 70% outlay for pre-budget infrastructure and 30% for post-budget infrastructure.
2. Regular RKVY-RAFTAAR value addition linked production projects: Seventy percent of the fund will be directed towards State Value Added Agribusiness Projects, with 30% assigned to the State. This component aims to increase farmers’ income through value addition activities.
3. Regular RKVY-RAFTAAR Flexi Funds: For new activities in agriculture and allied sectors, states can use 70% to 20% of the funds provided by the state government.
4. RKVY – RAFTAAR Special Sub Scheme: This component addresses national priorities through sub-schemes, with a focus on micro-irrigation, post-harvest management, and drought-affected districts.
5. Promotion of Farmer Producer Organizations (FPOs): The RKVY supports the formation of FPOs and offers subsidies to those with 500 or more farmers.

Benefits of Rashtriya Krishi Vikas Yojana

• The RKVY, initiated in 2007, aims to promote the overall development of agriculture and related sectors.
• States and union territories have the freedom to select development activities aligned with their needs.
• The scheme was integrated into the 11th and 12th five-year plans, providing substantial financial support for projects and initiatives.
• The funding pattern transitioned to a 60:40 ratio between the Center and the States since 2015-16.
• Robust administrative committees ensure project evaluation, approval, and efficient implementation.
• The RKVY has various components, including infrastructure development, value addition projects, flexi funds, and special sub-schemes to address specific agricultural challenges.

Eligibility and Inter-State Fund Allocation

• All states in India are eligible to benefit from the RKVY.
• Funding is divided between the Central Government (60%) and the State Government (40%), with the exception of North Eastern and hilly states, where the ratio is 90:10.
• Union Territories receive 100% grant-based assistance.

Important Documents Required to Apply Under the State Agricultural Development Scheme

• Aadhar card
• Address proof
• Income certificate
• Proof of age
• Passport-sized photographs
• Mobile number
• Email ID

The Rashtriya Krishi Vikas Yojana serves as a cornerstone in India’s agricultural development efforts. With its diverse components and financial backing, it aims to propel the agricultural sector to new heights, ultimately improving the economic conditions of farmers and bolstering food security in the nation.