Question

The main objective of Rashtriya Krishi Vikas Yojna in 11^th five year plan was:

1. To incentivise the states to increase public investment in agriculture and allied sectors.
2. To provide incentive to Indian agricultural exporters.
3. To generate revenue for the Government.
4.  None of the above
5.

Answer 1

Correct Answer - Option 1 : To incentivise the states to increase public investment in agriculture and allied sectors.

The correct answer is To incentivise the states to increase public investment in agriculture and allied sectors.

• Rashtriya Krishi Vikas Yojana:
  • It was launched in 2007-08.
  • Its main aim is to provide support to agriculture and its allied sectors.
  • It provides considerable flexibility and autonomy to states in planning and executing programmes for incentivizing investment in agriculture and allied sectors. 
  • It is a centrally sponsored scheme.
  • States initiate the process of decentralized planning for agriculture and allied sectors through the preparation of District Agriculture Plans (DAPs) and State Agriculture Plan (SAP) based on agro-climatic conditions, availability of appropriate technology and natural resources to ensure accommodation of local needs, cropping pattern, priorities etc.
  • In 2017 this scheme was changed to Rashtriya Krishi Vikas Yojana- Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RKVY-RAFTAAR).
  • RKVY-RAFTAAR funds would be provided to the States as 60:40 grants between Centre and States (90:10 for the North Eastern States and the Himalayan States).
  • The scheme will incentivize States in enhancing more allocation to Agriculture and Allied Sectors. Hence, option 1 is correct