About the Programme

The Rashtriya Krishi Vikas Yojna (RKVY) is an important scheme of the Government of India, Ministry of Agriculture and Farmers’ Welfare (MoA&FW), aimed at strengthening infrastructure in agriculture and allied areas In order to promote agripreneurship and agribusiness by providing financial support and nurturing the incubation ecosystem, a new component under the revamped scheme RKVY-RAFTAAR has been launched in 2018-19 with 10% of annual outlay inclusive of 2% administrative cost.

RKVY-RAFTAAR supports agribusiness incubation by tapping innovations and technologies for venture creation in agriculture. In this process, incubation facilities and expertise already available with participating academic, technical, management and R&D institutions in the country shall be utilized on an individual or collective basis to harness synergies. The existing institutional agribusiness incubators would be strengthened on a need basis by providing grants-in-aid.

Agribusiness Incubation is in its early stages in the Indian agricultural landscape. Though a good number of agribusiness incubators have been started since the first agribusiness incubator by ICRISAT was set up around 2003 in India, yet the success rate of such incubators has not been high. The existing institutional agribusiness incubators are, therefore, envisaged to be strengthened on a need basis and new ones to be set up by providing grants-in-aid under the scheme.

Agribusiness Incubation is in its early stages in the Indian agricultural landscape. Though a good number of agribusiness incubators was set up around 2009 in India, yet the success rate of such incubators has not been high. The existing institutional agribusiness incubators are, therefore, envisaged to be strengthened on a need basis and new ones to be set up by providing grants-in-aid under the scheme.