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Stay informed about the progress of Rashtriya Krishi Vikas Yojana - Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR) as of 25th April 2019. Discover the latest developments on action plan approvals for 2019-20, allocations to states, meeting statuses, and the launch of the Innovation and Agri-Entrepreneur Development Component. Get insights into the key constituents, states allocated to knowledge partners, funding details, and incubation support for Indian startups. Stay updated on the strategic shift towards infrastructure-related projects and the emphasis on innovation in the agriculture sector. Take advantage of this opportunity to accelerate growth and development in the agricultural landscape.
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RashtriyaKrishiVikasYojana -Remunerative Approaches For Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR) 25.4.2019
STATUS • The process of approval of action plan for RKVY-RAFTAAR has been advanced for 2019-20. • Allocations to States for 2019-20 under RKVY RAFTAAR were made on 22-02-2019. • 11 States have held their pre-SLSC meetings till date. • 8 States have held their SLSC meetings for 2019-20 till date. • All other States and UTs should hold their SLSC meetings as early as possible for release of funds. • All States are requested to clear unspent balances and submit UCs to enable release of second instalment of funds by October, 2019.
STATUS • The orientation of RKVY RAFTAAR was changed for the period 2017-18 to 2019-20. States should focus on infrastructure related projects. • Preparation of DAP, SAP and SAIDP must be ensured. • Progress of geo-tagging is not at a satisfactory pace.
INNOVATION AND AGRI-ENTREPRENEUR DEVELOPMENT COMPONENT LAUNCHED Key Constituents of the Component Knowledge Partners • Indian Agricultural Research Institute (IARI), New Delhi • National Institute of Agricultural Extension Management (MANAGE), Hyderabad • National Institute of Agricultural Marketing (NIAM), Jaipur • Assam Agricultural University, Jorhat • University of Agricultural Sciences (UAS), Dharwad
. • Pre Seed Stage Funding • Develop an innovative idea based on technology, service, business platforms etc. and launch a business. • After two months of agri-preneurshiporientation, interns will qualify for Idea/Pre-Seed Stage Funding.Recipient will register as legal entity and to be an Indian start-up as per DIPP definition. • Each selected start-up will be provided seed stage funding as 90% grant up to a maximum of Rs 5 lakh Seed Stage Funding • To ensure timely seed support to deserving incubatees within R-ABIs. • Translation of minimum viable product to marketable and scale-up product and business. • Selected incubatees will be provided incubation and seed stage money as 85 % grant up to a maximum of Rs. 25 lakhs. The recipient should be a registered legal entity in India within minimum of two months of residency at the R-ABI. • The recipient has to be an Indian start-up as per DIPP definition.