Question:Consider the following with respect to Rashtriya Krishi Vikas Yojana:
(1) It is a State Plan scheme.
(2) The pattern of funding is 100% Central Government Grant.
(3) It is an incentive scheme, hence allocations are not automatic.
Which is/are correct?
(a) 1 and 2
(b) 2 and 3
(c) 1 and 3
(d) 1,2 and 3
Answer:(d)
Context:
- Ministry of Agriculture is funding start-ups under the innovation and agri-preneurship component of Rashtriya Krishi Vikas Yojana in 2020-21.
- Facts:
- A component, Innovation and Agri-entrepreneurship Development programme has been launched under Rashtriya Krishi Vikas Yojana in order to promote innovation and agripreneurship by providing financial support and nurturing the incubation ecosystem.
- These start-ups are in various categories such as agro-processing, artificial intelligence, digital agriculture, farm mechanisation, waste to wealth, dairy, fisheries etc.The following are the components of this scheme:
- 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).
- Additional Facts on 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 encouraged
By: Arpit Mishra
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