Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY): A Boost to Sustainable Agriculture
04 October 2024, New Delhi: The Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) is a comprehensive initiative designed to promote sustainable agriculture practices across India. Approved by the Union Cabinet under Prime Minister Narendra Modi’s leadership, PM-RKVY is part of the larger effort to rationalize Centrally Sponsored Schemes (CSS) under the Ministry of Agriculture and Farmers Welfare. With a total budget allocation of ₹57,074.72 crore, the scheme aims to address the challenges of modern agriculture by encouraging sustainability, soil health, water efficiency, and technological integration.
Key Components of PM-RKVY
PM-RKVY comprises various schemes that address different aspects of sustainable agriculture:
- Soil Health Management: Focuses on improving soil fertility and productivity through better nutrient management practices, ensuring long-term agricultural sustainability.
- Rainfed Area Development: Promotes efficient agricultural practices in rainfed areas, where water availability is a challenge.
- Agro Forestry: Encourages the integration of trees and shrubs into agricultural landscapes to improve biodiversity and productivity.
- Paramparagat Krishi Vikas Yojana: Supports organic farming methods, promoting eco-friendly and sustainable farming practices.
- Agricultural Mechanization including Crop Residue Management: Promotes the use of advanced machinery to reduce crop residue burning, improve farm efficiency, and minimize pollution.
- Per Drop More Crop: Focuses on improving water-use efficiency through micro-irrigation techniques.
- Crop Diversification Programme: Encourages farmers to diversify crops to reduce dependency on single crops and improve income resilience.
- RKVY DPR Component: Supports state governments in preparing Detailed Project Reports for the effective implementation of the scheme.
- Accelerator Fund for Agri Startups: Aims to support agricultural startups with funding and mentorship, fostering innovation in the sector.
Flexibility for State Governments
One of the critical features of PM-RKVY is the flexibility it offers to state governments. States can reallocate funds between various components based on their unique agricultural needs, allowing them to tailor their agricultural strategies for maximum efficiency.
This rationalization of agricultural schemes aims to provide a holistic approach to farming, focusing on climate resilience, water conservation, and technological advancement. As India moves towards a more sustainable agricultural future, PM-RKVY is expected to play a pivotal role in achieving these goals.
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