States slow in spending funds allocated under Krishi Vikas Yojana

Till December 4, around 38% of the scheme's fund is lying unspent as states haven't requested the second installment or didn't provide utilization certificates for the first one

It was in May 2007 that the National Development Council (NDC)  decided to launch a fresh new scheme to rejuvenate farming.

Called the Rashtriya Krishi Vikas Yojana (RKVY), the scheme was a first in many respects as it sought to incentivize increasing net irrigated area, the area under pulses and oilseeds cultivation and increasing state’s own expenditure on agriculture and allied activities.

It also gave a sort of independence to states to frame their own district and state level farming plans.

In the 11th five year plan (2007-08 to 2011-12), a sum of Rs 25,000 crore was allocated for the programme,