Maharashtra Gets ₹335 Crore 2nd RKVY Installment After Fund Review
UPSC / SSC current affairs note · Polity
Why in news
Union Minister Shivraj Singh Chouhan praised Maharashtra for utilising over 75% of its first ₹335 crore RKVY installment, making it the first state eligible for the second tranche. The process to release another ₹335 crore is now underway.
Background
Rashtriya Krishi Vikas Yojana (RKVY) is a central scheme aimed at incentivising states to increase investment in agriculture and allied sectors. States must meet certain utilisation criteria to receive subsequent installments.
Key facts
Maharashtra utilised over 75% of its first ₹335 crore RKVY installment.
It is the first state to achieve this utilisation rate, making it eligible for the second tranche.
Union Minister Shivraj Singh Chouhan chaired a review meeting and initiated the release of the second ₹335 crore installment.
The total RKVY allocation for Maharashtra under this cycle is ₹670 crore (two installments of ₹335 crore each).
Prelims pointers
- RKVY: Rashtriya Krishi Vikas Yojana
- Ministry: Ministry of Agriculture and Farmers Welfare
- Launch year: 2007 (as part of 11th Five Year Plan)
- Objective: Incentivise states to increase investment in agriculture and allied sectors
- Implementing agency: State governments
- Funding pattern: 100% central grant to states
- Key feature: State-specific agricultural plans
Mains angles
- GS2: Centre-State financial relations – conditional grants and utilisation certificates
- GS3: Agricultural schemes – effectiveness of RKVY in boosting agricultural growth
- GS3: Fiscal federalism – performance-based fund release and state accountability