- Rashtriya Krishi Vikas Yojana (RKVY) is implemented by the Ministry of Agriculture and Farmers Welfare to support agriculture and allied-sector development.
- First instalment: Approximately ₹335 crore
- Amount utilised: Around ₹260 crore
- Required utilisation: At least 75% of the first instalment
- Second instalment: ₹335 crore from the Central government
- Total investment: Around ₹558 crore, including Maharashtra’s matching contribution
- Development of agriculture and allied sectors
- Funds will support:
- Micro-irrigation
- Farm mechanisation
- Organic farming
- Agricultural infrastructure
- Other state agriculture projects
- Union Agriculture Minister: Shivraj Singh Chouhan
- Significance: Maharashtra became the first state to meet the utilisation conditions for receiving the second RKVY instalment.
Question:
Q1.Which ministry implements the Rashtriya Krishi Vikas Yojana?
a) Ministry of Rural Development
b) Ministry of Agriculture and Farmers Welfare
c) Ministry of Finance
d) Ministry of Cooperation
Answer: b) RKVY is implemented by the Ministry of Agriculture and Farmers Welfare to provide financial support for agricultural development, infrastructure, mechanisation and allied activities.
