RKVY Second Instalment: Maharashtra Becomes First State Eligible
Why in the news
Having spent more than three-quarters of its first RKVY release, Maharashtra qualified ahead of every other state for the second tranche.
Key facts
| Item | Figure |
|---|---|
| First instalment released | ₹335 crore |
| Utilised so far | Nearly ₹260 crore |
| Utilisation level needed/reached | Over 75% |
| Second instalment | ₹335 crore |
- State: Maharashtra, the first to become eligible.
- Scheme: Rashtriya Krishi Vikas Yojana (RKVY).
About RKVY
- A Centrally Sponsored Scheme (CSS).
- Supports agricultural development shaped around the needs of each state.
- Release of later instalments depends on how much of the earlier funds a state has used.
Exam angle
- Scheme type: Centrally Sponsored.
- State in the news: Maharashtra – first to qualify.
- Numbers: ₹335 crore per instalment; use above 75%.