RKVY Rashtriya Krishi Vikas Yojana: Objectives, Apply, Eligibility, Guidelines

The Union Cabinet approved proposal for rationalise of all Centrally Sponsored Schemes operating under Ministry of Agriculture and Farmer’s Welfare into PM RKVY Pradhan Mantri Rashtriya Krishi Vikas Yojana.

PM RKVY Scheme: To Boost Sustainable Agriculture and Food Security

During the 2007-2008 fiscal year, the central government initiated the Rashtriya Krishi Vikas Yojana, also known as RKVY. With the help of this program, the state government will be provided with incentives to build comprehensive plans for agriculture development.

These plans will ensure that agriculture and allied sectors will develop in a manner that is more inclusive and integrated.
During the 2017–2018 fiscal year, the Rashtriya Krishi Vikas Yojana was transformed into the Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR) program.

This new program places a significant emphasis on pre- and post-harvest infrastructure, in addition to fostering agri-entrepreneurship, innovation, and value addition.

Since then, the Pradhan Mantri Rashtriya Krishi Vikas Yojana has taken its position as the program of choice.

Objectives of the PM RKVY

The main objective of Rashtriya Krishi Vikas Yojana –

• It is centred on the promotion of environmentally responsible agriculture methods.
• Risk reduction, bolstering the efforts of farmers, and encouraging entrepreneurial opportunities in the agricultural sector through the development of agri-infrastructure are all important aspects of this initiative.
• Giving all of the states the ability to make their own plans and the flexibility to do so according to their own specific requirements.
• By fostering increased productivity and promoting production models that are related to value chain addition, we are assisting farmers in boosting their revenue.

Benefits of PM RKVY

• Encourages more public investment in agriculture and other industries that are related to it.
• Gives states the ability to organise and carry out agricultural programs that are adapted to the specific requirements and conditions of their own regions.
• Encourages the development of agricultural plans from the perspective of agroclimatic conditions and the resources that are at one’s disposal.
• Targeted interventions are the primary focus in order to close yield disparities in important crops.
• The primary objective is to enhance profitability in the agricultural and allied industries.
• The objective is to generate measurable increases in production and productivity by addressing a variety of agricultural components.

Schemes cover under PM RKVY

The scheme comprises the following central government schemes –

• Management of soil health, development of rain-fed areas, agroforestry, and other related topics. According to the Paramparagat Krishi Vikas Yojana.
• In addition to crop residue management, agricultural mechanisation is also included. More Crop produced each drop.
• A Program for the Diversification of Crops.
• RKVY components of the DPR.
• Funding for Agribusiness Startups for Accelerators.

Eligibility Criteria for PM RKVY

The eligibility criteria for the scheme –

• Agricultural entrepreneurs, cooperatives, and registered farmers are eligible for this opportunity.
• The RKVY objectives must be aligned with the projects, with a particular emphasis on productivity and sustainability.
• The documents that are required include verification of identity, information regarding land ownership, and ideas for projects.

RKVY Guidelines

Within the framework for the implementation of agricultural development projects across India, the guidelines for the Rashtriya Krishi Vikas Yojana provide an outline of the framework.

In doing so, they highlight the importance of developing state-specific strategies that concentrate on improving farmers’ welfare, productivity, and sustainability simultaneously.

Furthermore, in order to guarantee efficient execution and impact, the rules encourage community participation and collaboration among the many stakeholders.

PM RKVY Apply Online

This program, known as the Pradhan Mantri Rashtriya Krishi Vikas Yojana, is designed to increase agricultural output and encourage farming practices that are environmentally responsible.

Utilising the official government portal, farmers are able to submit their applications online, providing all of the relevant information regarding their initiatives.

This program provides financial assistance to a variety of agricultural endeavours, so enabling farmers to enhance their standard of living.

Key Takeaways

There is a significant contribution that the Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM RKVY) makes to the transformation of the agricultural environment in India.

Farmers are given more authority and rural economies are strengthened as a result of the promotion of sustainable practices and the enhancement of production.

Not only does yojana address the issues that are currently being faced by the agricultural sector, but it also sets the way for a farming industry that is more resilient and prosperous in the future. This is accomplished through its emphasis on innovation and assistance.

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