Rashtriya Krishi Vikas Yojana – Remunerative Approach for Agriculture and Allied Sector Rejuvenation (RKVY – RAFTAAR)

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Rashtriya Krishi Vikas Yojana – Remunerative Approach for Agriculture and Allied Sector Rejuvenation (RKVY – RAFTAAR)

Aim:

Making farming a remunerative economic activity through strengthening the farmer’s effort, risk mitigation and promoting agri-business entrepreneurship.

Objectives:

• To strengthen the farmers’ efforts through creation of required pre and post-harvest agricultural infrastructure that increases access to quality inputs, storage, market facilities etc. and enable farmers to make informed choices.

• To provide autonomy, flexibility to States to plan and execute schemes as per local/ farmers’ needs.

• To promote value chain addition linked production models that will help farmers increase their income as well as encourage production/productivity.

• To mitigate risk of farmers with focus on additional income generation activities – like integrated farming, mushroom cultivation, bee keeping, aromatic plant cultivation, floriculture etc. • To attend national priorities through several sub-schemes.

• To empower youth through skill development, innovation and Agri-Entrepreneurship based agribusiness models that attract them to agriculture.

Funding:

RKVY-RAFTAAR funds would be provided to the States in the following streams –

• Regular RKVY-RAFTAAR – 70% of annual outlay for the following activities:

✓ Infrastructure and assets – 50% (of 70%) of regular RKVY-RAFTAAR outlay (20% for Preharvest infrastructure and 30% for post-harvest infrastructure)

✓ Value addition linked production projects- 30% (of 70%) of regular RKVY-RAFTAAR outlay.

✓ Flexi-funds – 20% (of 70%) of regular RKVY-RAFTAAR outlay. States can use this for supporting any projects as per the local needs.

• RKVY-RAFTAAR special sub-schemes as per national priorities -20% of annual outlay.

• Innovation and agri-entrepreneur development -10% of annual outlay including 2% for administrative costs.

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