Full form, history and restructuring into RAFTAAR
RKVY was initiated in 2007 to incentivize states to increase public investment in agriculture and allied sectors.
Evolution of the scheme:
- Full Form: Rashtriya Krishi Vikas Yojana (RKVY).
- RAFTAAR sub-title: Remunerative Approaches for Agriculture and Allied Sector Rejuvenation.
- Funding architecture: Funded on a 60:40 basis between the Central and State Governments (90:10 for North-Eastern and Himalayan states).
- Decentralized planning: States formulate District Agriculture Plans (DAPs) and State Agriculture Plans (SAPs) to address local production bottlenecks.
Key development streams funded under RKVY
RKVY funds comprehensive agricultural modernization and allied livelihood streams.
Major funded project areas:
- Production growth: certified seed production, soil health enhancement, and farm mechanization.
- Infrastructure and assets: Building agricultural farm ponds (diggis), check dams, seed testing labs, and wholesale mandi storage yards.
- Value addition and post-harvest management: Sorting, grading, cold chain packhouses, and agro-processing clusters.
- Livestock and fisheries development: Veterinary hospitals, dairy chilling centres, and inland aquaculture development.
Agri-entrepreneurship and startup innovation grants
RKVY-RAFTAAR features an innovation component that incubates and funds agri-startups through Knowledge Partners (such as IARI, manage, and agricultural universities). Aspiring startups receive pre-seed grants and seed-stage capital grants to commercialize innovative agricultural technologies via rkvy.nic.in.
Official source
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Rashtriya Krishi Vikas Yojana (RKVY) Portal ↗Related on KisanPe
Common questions
What is the full form of RKVY?
RKVY stands for Rashtriya Krishi Vikas Yojana, an umbrella initiative of the Ministry of Agriculture and Farmers Welfare.
What does RAFTAAR signify in RKVY-RAFTAAR?
RAFTAAR stands for Remunerative Approaches for Agriculture and Allied Sector Rejuvenation, emphasizing post-harvest infrastructure and agribusiness.
Can agri-startups receive government grants under RKVY?
Yes, RKVY-RAFTAAR provides pre-seed and seed-stage financial grants to eligible innovative agri-startups through designated incubation partners.
General guidance, not personal advice. For your farm, ask your local Krishi Vigyan Kendra or agriculture officer.
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