Monday, February 28, 2011

Allocation Under Rashtriya Krishi Vikas Yojana Increased From Rs. 6,755 Crore to 7,860 Crore

The Finance Minister, Shri Pranab Mukherjee while presenting the Union Budget for 2011-12 announced in the Lok Sabha today to further strengthen the on-going Rashtriya Krishi Vikas Yojana (RKVY) and to focus on the removal of production and distribution bottlenecks for fruit, vegetables and poultry products. The Finance Minister proposed to increase the total allocation under RKVY from Rs 6,755 crore in 2010-11 to Rs.7,860 crore in 2011-12.

Shri Mukherjee also mentioned that in the Budget for 2010-11 a four-pronged strategy covering agricultural production, reduction in wastage of produce, credit support to farmers and a thrust to food processing sector was announced. The same had started showing results, he added.

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