Pradhan Mantri-Rashtriya Krishi Vikas Yojana

Pradhan Mantri-Rashtriya Krishi Vikas Yojana Latest News

The Union Ministry of Agriculture has proposed to merge three separate ongoing schemes with its flagship Pradhan Mantri-Rashtriya Krishi Vikas Yojana.

About Pradhan Mantri-Rashtriya Krishi Vikas Yojana

• It is a Centrally Sponsored Schemes (CSS) operating under the Ministry of Agriculture and Farmers Welfare.
• It is aimed at accelerating agricultural growth and improving farmers’ income.

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Objectives of Pradhan Mantri Rashtriya Krishi Vikas Yojana

• To encourage states to increase public investment in agriculture and allied sectors.
• To enhance agricultural productivity and overall farm growth.
• To strengthen agricultural and post-harvest infrastructure and reduce losses.
• To promote diversification into high-value crops, horticulture, livestock, and fisheries.
• To encourage adoption of modern, innovative, and climate-resilient farming practices.
• To reduce regional disparities in agricultural development.

Features  of Pradhan Mantri Rashtriya Krishi Vikas Yojana

• State-Led and Decentralized Approach: States have the flexibility to plan and implement agricultural projects according to local priorities.
• Growth-Oriented Scheme: The scheme aims to achieve a sustained annual growth rate of around 4 percent in agriculture and allied sectors.
• Wide Sectoral Coverage: It supports crop production, horticulture, livestock, fisheries, organic farming, agricultural research, and marketing infrastructure.
• Incentive-Based Funding: States receive financial assistance based on their commitment to increasing public investment in agriculture.

Funding Pattern of Pradhan Mantri Rashtriya Krishi Vikas Yojana

• General States: 60 percent Centre and 40 percent State
• North-Eastern and Hilly States: 90 percent Centre and 10 percent State
• Union Territories: 100 percent central funding.

Source: IE