Rashtriya Krishi Vikas Yojana - Remunerative Approaches for Agriculture and Allied Sectors Rejuvenation (RKVY-RAFTAAR) is a flagship scheme of Ministry of Agriculture and Farmers’ Welfare and Government of India.
RKVY scheme was launched in the year 2007, which was later rebranded as RAFTAAR.
It is aimed at strengthening infrastructure in agriculture and allied sectors by building Agripreneurship and Agri-business ecosystem in the country, facilitating financial aid to potential Agristartups and nurturing a system of business incubation.
The main objective of this scheme is to develop farming as the main source of economic activity. Some of the objectives also include:
Risk mitigation, strengthening the efforts of the farmers along with promoting agri-business entrepreneurship through the creation of agri-infrastructure.
Providing all the states with autonomy and flexibility in making plans as per their local needs.
Helping farmers in increasing their income by encouraging productivity and promoting value chain addition linked production models.
To reduce the risk of farmers by focusing on increasing the income generation through mushroom cultivation, integrated farming, floriculture, etc.
Empowering the youth through various skill development, innovation, and agri-business models.
The RKVY – RAFTAAR covers all the major sectors of the country which include:
Crop Cultivation and Horticulture
Animal Husbandry and Fisheries
Dairy Development, Agricultural Research and Education
Forestry and Wildlife
Plantation and Agricultural Marketing
Food Storage and Warehousing
Soil and Water Conservation
Agricultural Financial Institutions, other Agricultural Programmes and Cooperation.
Under the Innovation and Agri-entrepreneurship Development Programme of the scheme, the following are the components:
Agripreneurship Orientation – 2 months duration with a monthly stipend of Rs. 10,000/- per month. Mentorship is provided on financial, technical, IP issues etc.
Seed Stage Funding of R-ABI Incubatees – Funding upto Rs. 25 lakhs (85% grant & 15% contribution from the incubatee).
Idea/Pre-Seed Stage Funding of Agripreneurs – Funding up to Rs. 5 lakhs (90% grant and 10% contribution from the incubatee).
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