Topic of the Day – RKVY Raftaar

UPSC Exam Preparation: Topic of the Day – RKVY Raftaar

The governemnet recently approved Rashtriya Krishi Vikas Yojana to be continued as Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RKVY-RAFTAAR) for the next three years, i.e, 2017-18 to 2019-2020. RKVY Raftaar has the objective of making farming a remunerative economic activity through strengthening the farmers’ effort, risk mitigation and promoting agribusiness entrepreneurship. RKVY-RAFTAAR funds would be provided to the States as 60:40 grants between Centre and States while 90:10 for North Eastern and Himalayan States through various means.

The distribution of funds will be in such a manner that 70% of the total outlay is reserved for production growth, infrastructure and assets to states, 20% of the total outlay for special sub schemes under RKVY Raftaar which are of National priority and  10% of the total outlay for Innovation and agri-entrepreneurship development projects.

Advantages of the Scheme:

  • The scheme will incentivise states in enhancing more allocation to agriculture and allied sectors.
  • It will help in the creation of post harvest infrastructure. It will also strengthen farmers’ efforts through creation of agriculture infrastructure that will help in supply of quality inputs, market facilities among other related requirements for the growth of agriculture and allied activities.
  • It will help in promotion of private investment in the farm sector across the nation
  • It will further promote agri-entrepreneurship and support business models which will in turn maximize returns to farmers.
  • It lays emphasis on involving the youth in agriculture and allied activities in order to increase rural employment by providing various incentives.
  • It is also aligned with the target of doubling farmer’s income by 2022.
  • Sub-schemes like Accelerated Fodder Development Programme (AFDP), Saffron Mission, Crop Diversification Programme (CDP) etc will be implemented under RKCY-Raftaar.

Rashtriya Krishi Vikas Yojana:

  • RKVY is a special additional central assistance scheme launched in 2007. It was aimed at achieving 4% annual growth in the agriculture sector.
  • The scheme provided considerable flexibility and autonomy to States in planning and executing programmes for incentivising investment in agriculture and allied sectors.
  • Through preparation of District Agriculture Plans (DAPs) and State Agriculture Plan (SAP) based on agro-climatic conditions, availability of appropriate technology and natural resources to ensure accommodation of local needs, cropping pattern, priorities etc, it facilitated decentralized planning in agriculture and allied activities.
  • The scheme was successful in increasing the agricultural state domestic product.

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