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Agri-Entrepreneurship Component of RKVY

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    27th Aug, 2020
  • 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).

Verifying, please be patient.

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