Maharashtra became the first State to qualify for the second instalment under RKVY after utilising about Rs 260 crore of the Rs 335 crore released in the first instalment, exceeding the 75% utilisation benchmark.
RKVY Status — Maharashtra
- Utilisation benchmark: 75% utilisation of first instalment required to qualify for the second instalment.
- Maharashtra use: ~Rs 260 crore utilised of Rs 335 crore released in first instalment.
Funding Pattern & Central Allocation
- Scheme name: Implemented as Pradhan Mantri RKVY (PM‑RKVY) in the current framework.
- 2024-25 allocation: Rs 7,553.00 crore; Rs 3,075.26 crore disbursed by 25 Nov 2024.
- Funding ratios: Standard 60:40 Centre:State; 90:10 for North‑Eastern/Himalayan States; 100% for Union Territories.
Operational Guidelines & Allocation Criteria
- Guidelines date: Operational guidelines issued on 20 Nov 2024 by Department of Agriculture & Farmers Welfare.
- Allocation criteria: Unirrigated area, share of small and marginal farmers, and Gross State Value Added (GSVA) in agriculture.
- Priority components: Digital agriculture, agriculture extension, National Horticulture Mission, seeds, oilseeds, agroforestry.
Innovation & Entrepreneurship Programme
- Period: 2023-24 to 2025-26.
- Targets: Train and incubate >3,500 agri‑startups; select and fund ~2,000–2,200 startups.
State-Level Example
- Karnataka release: Rs 235.14 crore released as third instalment on 15 Feb 2024 for 2023-24 (instalments linked to utilisation and compliance).
IASPOINT Booster Facts
- Scheme type: Centrally Sponsored Scheme for agriculture and allied sectors.
- Implementing ministry: Department of Agriculture & Farmers Welfare, Government of India.
- RKVY-RAFTAAR: Revamped from 2015-16 to promote agri‑business entrepreneurship and reduce farmer risk.