Agri-Entrepreneurship Component of RKVY
- Posted By
10Pointer
- Categories
Economy
- Published
27th Aug, 2020
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- Rashtriya Krishi Vikas Yojana (RKVY) is an on-going centrally sponsored scheme started from XI Five Year Plan period.
- The scheme will incentivize States in enhancing more allocation to Agriculture to achieve 4% growth rate.
- Ministry of Agriculture is funding start-ups under the innovation and agri-preneurship component of RKVY in 2020-21.
- These start-ups are in various categories such as agro-processing, artificial intelligence, digital agriculture, farm mechanisation, waste to wealth, dairy, fisheries etc.
- The following are the components of this scheme:
- Agripreneurship Orientation - 2 months duration with a monthly stipend of Rs. 10,000/- per month. Mentorship is provided on financial, technical, IP issues etc.
- Seed Stage Funding of R-ABI Incubatees – Funding up to Rs. 25 lakhs (85% grant & 15% contribution from the incubatee).
- Idea/Pre-Seed Stage Funding of Agripreneurs – Funding up to Rs. 5 lakhs (90% grant and 10% contribution from the incubatee).
