RKVY RAFTAAR Program

The ultimate goal of farming is not the growing of crops, but the cultivation and perfection of human beings.

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Rashtriya Krishi Vikas Yojana - Remunerative Approaches for Agriculture and Allied Sectors Rejuvenation (RKVY-RAFTAAR) is a flagship scheme of Ministry of Agriculture and Farmers’ Welfare (MoA&FW), Government of India. It is aimed at strengthening infrastructure in Agriculture and Allied sectors by building Agripreneurship & Agri-Business ecosystem in the country, facilitating financial aid to potential Agristartups and nurturing a system of business incubation.

The following components will be executed under RKVY-RAFTAAR:

• Strengthening of existing agribusiness incubators for integrated rejuvenation and development and setting up new ones – R-ABI (RKVY-RAFTAAR Agribusiness Incubators).
• Seed Stage Funding of R-ABI Incubatees.
• Agripreneurship Orientation.
• Idea/Pre-Seed Stage Funding of Agripreneurs. The same facility will be utilized to execute all the above mentioned components of RKVY-RAFTAAR.

Objectives

• To ensure timely seed support to deserving incubates within R-ABIs.
• To enable translation of minimum viable product (MVP) to marketable stage and scale up the product and business.
• To provide a platform for faster experimentation and modification in their approaches or minimum viable product (MVP) based on innovative solutions/ processes / products/ services/ business models etc. for scaling up.

Eligibility Criteria

• All incubates of an R-ABI will be eligible for this funding on the basis of consistent performance evaluated by RIC.
• The recipient should be a registered legal entity in India with a minimum of two months of residency at the R-ABI through programs.
• The recipient has to be an Indian start-up as per DIPPT notification. This support is not meant for Indian Subsidiaries of MNCs/foreign companies.
• A start-up supported once will not be eligible for applying for the subsequent round of seed support to any R-ABIs.

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