The Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY)
Why in news?
Recent news highlights the Union Ministry of Agriculture's proposal to merge three schemes—Krishonnati Yojana (KY), National Mission on Natural Farming (NMNF), and National Bee and Honey Mission (NBHM)—into PM-RKVY for the 2026-31 period under the 16th Finance Commission cycle.​
Key Highlights of the Proposal
- Umbrella Scheme: PM-RKVY will absorb KY, NMNF, and NBHM, streamlining agricultural interventions.
- Timeline: April 2026 – March 2031 (aligned with the 16th Finance Commission cycle).
- Budgetary Outlay: Approx. ₹1.75 lakh crore over five years.
- Objective: Rationalize schemes, reduce duplication, and push state-level reforms by linking funds to performance.
Expected Benefits
- Integrated Planning: States can design holistic agricultural strategies under one umbrella.
- Efficiency: Reduced administrative overlap, better monitoring.
- Sustainability: Natural farming and apiculture mainstreamed into broader agricultural policy.
- Entrepreneurship: Value chain development and agri-startups supported under PM-RKVY-RAFTAAR framework
About PM-RKVY
The Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) is a centrally sponsored scheme aimed at accelerating agricultural growth, boosting farmers’ income, and ensuring food security through state-led planning, infrastructure creation, and innovation.
Objectives
- Increase public investment in agriculture and allied sectors.
- Promote innovation & entrepreneurship in farming and agri-business.
- Strengthen infrastructure for irrigation, storage, processing, and marketing.
- Ensure food security and sustainable rural development.
- Encourage decentralized planning by empowering states to design projects based on local needs.
Key Features
- Funding Pattern: Shared between Centre and States (60:40 for most states, 90:10 for NE & Himalayan states).
- Flexibility: States can propose projects tailored to their agricultural priorities.
- Focus Areas:
- Crop diversification
- Integrated farming systems
- Post-harvest management
- Value chain development
- Agri-entrepreneurship incubation
Achievements
- Over 17,000 projects approved since inception, covering irrigation, mechanization, storage, and market infrastructure.
- Boosted farmer incomes by supporting modern practices and reducing post-harvest losses.
- Encouraged startups in agri-tech through incubation and funding support.
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