The Rashtriya Krishi Vikas Yojna (RKVY) is an important scheme of the Government of India, Ministry of Agriculture and Farmers Welfare (MoA&FW), aimed at strengthening infrastructure in agriculture and allied areas. In order to promote agripreneurship and agribusiness by providing financial support and nurturing the incubation ecosystem, a new component under the revamped scheme
RKVY- RAFTAAR has been launched in 2018-19 with 10% of annual outlay inclusive of 2% administrative cost.
RKVY-RAFTAAR supports agribusiness incubation by tapping innovations and technologies for venture creation in agriculture. In this process, incubation facilities & expertise already available with participating academic, technical, management & R&D institutions in the country shall be utilized on an individual or collective basis to harness synergies. The existing institutional agribusiness incubators would be strengthened on a need basis by providing grants-in aid.
The program is divided into two sub-categories: -