Thursday 19 December 2013

Continuation of ongoing State Plan scheme of Rashtriya Krishi Vikas Yojana (RKVY) during 12th Five Year Plan

The Cabinet Committee on Economic Affairs has approved the continuation of the ongoing state Plan Scheme of Rashtriya Krishi Vikas Yojana (RKVY) in the 12th Plan (2012-13 to 2016-17) with an outlay of Rs 63,246 crore as follows : 

(a) RKVY Production Growth with 35 percent annual outlay for projects and interventions to raise production and productivity in agriculture and allied sectors. 

(b) RKVY Infrastructure and Assets with 35 percent outlay for filling gaps in agricultural infrastructure in States. 

(c) RKVY Special Schemes with 20 percent outlay for funding focused national priorities as notified by the Government of India from time to time. 

(d) 10 percent as RKVY flexi fund for State specific needs/priorities. 

One of the basic objectives of RKVY is to incentivize investments in agriculture and allied sectors by linking state wise allocation of RKVY funds to the increased share of State plan expenditure in agriculture and allied sectors. 

This has helped in stepping up allocation to agriculture and allied sectors as a percentage of total State Plan expenditure from 4.88 percent in 2006-07 to 6.04 percent in 2011-12 (RE) and 6.33 percent during 2012-13(BE). The agriculture and allied sectors grew at 3.64 percent annually during the 11th Plan as against 2.46 percent per annum in the 10th Plan. 


The Rashtriya Krishi Vikas Yojana (RKVY) is a continuing scheme under implementation from the 11th Five Year Plan period. RKVY is a State plan scheme that provides considerable flexibility` and autonomy to States in planning and executing programmes for incentivizing investment in agriculture and allied sectors. 

During the 11th Plan, States have taken up 5768 projects across the entire spectrum, such as crop development, horticulture, agricultural mechanisation, marketing and post-harvest management, animal husbandry, dairy development, fisheries, extension, etc., out of which 3228 projects have already been completed. 

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