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What is the share of Central Government in Rashtriya Krishi Vikas Yojana (RKVY)?

What is the share of Central Government in Rashtriya Krishi Vikas Yojana (RKVY)? Correct Answer 60

The correct answer is 60:

Key Points

  • Rashtriya Krishi Vikas Yojana (RKVY) was launched in 2007.
  • It was launched to incentivize the states to increase their investment in agriculture.
  • The pattern of funding is in the ratio of 60:40 between Centre and States. A state is eligible for funding under the RKVY if it maintains or increases the percentage of its expenditure on Agriculture and its Allied Sectors with respect to the total State Plan Expenditure year on year.
  • The scheme is known as RKVY – RAFTAAR – Remunerative Approaches for Agriculture and Allied sector Rejuvenation.
  • The aim of this mission is to achieve 4% annual growth in agriculture.

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