RKVY-RAFTAAR

IN NEWS:

• The Agriculture Ministry recently said it will fund 234 more startups in the agriculture and allied sectors with a sum of Rs 24.85 crore under RKVY scheme in the current fiscal.

What is RKVY?

• RKVY scheme was initiated in 2007 as an umbrella scheme for ensuring holistic development of agriculture and allied sectors.
• The scheme provides considerable flexibility and autonomy to States in planning and executing programmes for incentivizing investment in agriculture and allied sectors.

About RKVY-RAFTAAR:

• It stands for Rashtriya Krishi Vikas Yojana-Remunerative Approaches for Agriculture and Allied Sector Rejuvenation(RKVY-RAFTAAR).
• It is the revamped version of RKVY.
• It aims for making farming a remunerative economic activity.

Major focus:

• Under RKVY-RAFTAAR, major focus is on pre & post-harvest infrastructure, besides promoting agri-entrepreneurshipand innovations.

Sub schemes:

• Bringing Green Revolution to Eastern India(BRGEI)
• Crop Diversification Programme(CDP)
• Reclamation of Problem Soil(RPS)
• Foot and Mouth Disease-Control Programme
• Saffron Mission
• Accelerated Fodder Development Programme(AFDP)

Funding:

• RKVY-RAFTAAR funds would be provided to the States as 60:40 grants between Centre and States and 90:10 in the North East.
• For Union Territories the funding pattern is 100 % central grant.

PRELIMS QUESTION

Consider the following statements regarding Rashtriya Krishi Vikas Yojana-RAFTAAR:
1.The funding for the states under the scheme is 100% central grant.
2.It aims to support fodder development for scientific farming.
Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2 
(d)Neither 1 nor 2

Answer to prelims question