Rashtriya Krishi Vikas Yojana
Basic features of RKVY
✅It is a State Plan scheme
✅The eligibility of a state for the RKVY is contingent upon the state maintaining or increasing the State Plan expenditure for Agricultural and Allied sectors
✅The base line expenditure is determined based on the average expenditure incurred by the State Government during the three years prior to the previous year.
✅The preparation of the district and State Agriculture Plans is mandatory
✅The scheme encourages convergence with other programmes such as NREGS.
✅The pattern of funding is 100% Central Government Grant.
✅If the state lowers its investment in the subsequent years, and goes out of the RKVY basket, then the balance resources for completing the projects already commenced would have to be committed by the states.
✅It is an incentive scheme, hence allocations are not automatic
✅It will integrate agriculture and allied sectors comprehensively
✅It will give high levels of flexibility to the states
✅Projects with definite time-lines are highly encourage.
