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Rashtriya Krishi Vikas Yojana (RKVY), PM Rashtriya Krishi Vikas Yojana Eligiblity Details Benefits, RKVY, Rashtriya Krishi Vikas Scheme,RKVY Yojana, Rashtriya Krishi Vikas Yojana Guidelines, RKVY Objective, Indian Government schemes

Rashtriya Krishi Vikas Yojana (RKVY), PM Rashtriya Krishi Vikas Yojana Eligiblity Details Benefits, RKVY, Rashtriya Krishi Vikas Scheme,RKVY Yojana, Rashtriya Krishi Vikas Yojana Guidelines, RKVY Objective, Indian Government schemes

Rashtriya Krishi Vikas Yojana


State Plan Scheme of Additional Central Assistance was started in 2007, August month and known as Rashtriya Krishi Vikas Yojana. This scheme was an ingredient of Government of India’s eleventh 5 Year Plan. Initiated under the guidance of the National Development Council, it looks to attain four percentage yearly development in agriculture by growth of Agriculture & its related divisions (as distinct by the Planning Commission (India)) in the period of the eleventh 5 Year Plan (2007–11 year).
Aims

The scheme is fundamentally a State Plan Scheme. This scheme looks to offer the States & Indian Territories independence to sketch up plans for augmented public venture in Agriculture through incorporating knowledge on local necessities, geographical/ weather conditions, obtainable natural assets/ technology & cropping model in their own districts for noteworthy boost of yield of Agriculture & its related sectors & ultimately maximize the profits of farmers in farming & its related divisions.

Eligibility



A State is entitled for financial support in the RKVY. With the condition that it maintains or augment the proportion of its spending on Agriculture & its related Sectors with regard to the whole State Plan expenses, with the Base Line (that will move each year) for this spending is the middling of the fraction of expenses acquired by a State Government for the prior 3 years on farming & its related segments minus any finances associated to Agriculture & its related sectors which it might previously have acknowledged in that instant in its State graph.

Funding


It was decided that ₹58.75 billion (US$870 million) would be released by the Central Government every year under the 11th Five Year Plan and ₹15 billion (US$220 million) would be allocated in 2007-08.During the first three years (2007–2010) of the implementation of the RKVY, an amount of ₹84,621 million (US$1.3 billion), which is roughly 33% of the total allocation under the RKVY of ₹250 billion (US$3.7 billion).
While presenting the 2011 Union Budget Of India, India's Finance Minister Pranab Mukherjee stated that the allocation under the RKVY had been increased from the existing ₹67.55 billion (US$1.0 billion) in 2010-11 to ₹78.6 billion (US$1.2 billion) for the year 2011-12.

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