Why in news?

A top government panel has proposed major reforms to the existing administrative structure

This is a part of detailed action plan for doubling farmers’ incomes



It was started to incentivize the states in order to increase their investment in Agriculture and allied sectors

It is a State Plan scheme

The eligibility of a state for the RKVY is contingent upon the state maintaining or increasing the State Plan expenditure for Agricultural and Allied Sectors

The baseline expenditure is determined based on the average expenditure incurred by the State Government during the three years prior to the previous year

The preparation of the district and State Agriculture Plans is mandatory

The scheme encourages convergence with other programmes such as NREGS

The pattern of funding is 100% Central Government Grant

It is an incentive scheme, hence allocations are not automatic