Overview
Rashtriya Krishi Vikas Yojana (RKVY) was launched in 2007 to incentivise states to increase public investment in agriculture and allied sectors. It gives considerable flexibility and autonomy to states to plan and execute schemes as per their local needs and agro-climatic conditions, aiming for holistic development of agriculture. In 2017 it was reoriented as RKVY-RAFTAAR (Remunerative Approaches for Agriculture and Allied Sector Rejuvenation), with a focus on making farming a remunerative economic activity by strengthening farmers’ efforts, reducing risk and promoting agri-entrepreneurship and innovation, including support for agri-startups and incubation.
Key Features & Objectives
- Provides flexibility to states to plan agriculture schemes based on local needs.
- Incentivises higher public investment in agriculture and allied sectors.
- Reoriented as RKVY-RAFTAAR (2017) to make farming remunerative.
- Promotes agri-entrepreneurship, startups and innovation through incubation.
- Supports value addition, infrastructure and risk reduction in agriculture.
Key Facts at a Glance
★ Exam Focus: Remember RKVY (2007) gives states flexibility in agriculture planning; reoriented as RKVY-RAFTAAR in 2017 to make farming remunerative.