Raftaar Full Form

What is the full form of Raftaar?

The full form of raftaar is 'Remunerative Approaches for Agriculture and Allied sector Rejuvenation'. It is also known by the name Rashtriya Krishi Vikas Yojana (RKVY). The scheme was launched in 2007 as an umbrella scheme for ensuring the holistic development of agriculture and the allied sectors. The scheme incentivizes States to increase public investment in Agriculture and allied sectors.

This Story also Contains

1. What is the full form of Raftaar?
2. 1. Meaning of the full form of Raftaar
3. 2. Objectives of Raftaar
4. 3. Significance of Raftaar
5. 4. Sectors which come under Raftaar
6. 5. Current updates of Raftaar

1. Meaning of the full form of Raftaar

The scheme was launched with the name Rashtriya Krishi Vikas Yojana (RKVY) which was later rebranded as ‘Remunerative Approaches for Agriculture and Allied Sector Rejuvenation’ (Raftaar).

The meaning of the Raftaar is that this scheme is financially rewarding the farmers in the Agriculture sector and Allied Sector with financial retribution.

2. Objectives of Raftaar

The main objective of 'Remunerative Approaches for Agriculture and Allied sector Rejuvenation’ is to develop farming as the primary source of economic activity. This scheme will help the individual's financial independence over the country's most important sector. The other important objectives of Raftaar are as follows:

1. This scheme helps strengthen the efforts of the farmers and promote agri-business entrepreneurship by creating agri-infrastructure.

2. This scheme makes the states more flexible and autonomous in planning according to their local needs.

3. This scheme helps farmers increase their income by providing the proper knowledge of productivity.

4. It empowers the youth through various skill development, agri-business models, management, and innovation.

5. It helps in avoiding the losses caused to the farmers’ income by increasing the income sources through different farming elements such as floriculture, hybrid farming, integrated farming, and many more.

3. Significance of Raftaar

The various significance of Raftaar are as follows:

1. Raftaar helps in promoting private investment in the farm sector across the nation.

2. It helps in creating the post-harvest infrastructure required for the growth of agriculture, along with strengthening the efforts of the farmers by providing market facilities.

3. It helps in enhancing land allocation to agriculture and its allied sector.

4. Sectors which come under Raftaar

As Raftaar is an all-India scheme and is widely spread throughout the country, it covers many sectors. These are as follows:

1. Crop Cultivation and Horticulture

2. Forestry and Wildlife

3. Animal Husbandry and Fisheries

4. Dairy Development, Agricultural Research, and Education

5. Plantation and Agricultural Marketing

6. Food Storage and Warehousing

7. Soil and Water Conservation

8. Agricultural Financial Institutions, Agricultural Programmes, and Cooperation.

5. Current updates of Raftaar

Recently, the Central Government has funded almost 800 startups with an investment amount of Rs 118.65 crore. This investment is made under the Innovation and Agri-entrepreneurship Development Programme component of the Remunerative Approaches for Agriculture and Farmers' Welfare to fuel innovation in the field of Internet of things (IoT), Artificial intelligence (AI), Machine Learning (ML), Information and Communication Technology (ICT), and blockchain technology in the agriculture sector.

The government initiated this scheme to modernize India's agriculture and allied sectors to enhance production, quality, quantity, profitability, and efficiency.