Timely utilisation of funds makes Maharashtra first to secure second RKVY instalment

Maharashtra has become the first state to qualify for the second instalment of the government's Rashtriya Krishi Vikas Yojana funding after utilising about Rs 260 crore of the Rs 335 crore first instalment, exceeding the 75 per cent utilisation benchmark, an official statement said on Monday.

Union Minister for Agriculture and Farmers' Welfare Shivraj Singh Chouhan chaired the virtual review meeting to assess the utilisation of funds released under the scheme and to consider the issuance of the second instalment to Maharashtra, the statement said, adding that the process for release is being taken up.

The minister acknowledged satisfactory progress under the Mission for Integrated Development of Horticulture and urged the state to accelerate expenditure on digital agriculture, agriculture extension, the National Horticulture Mission, seeds, oilseeds and agroforestry components.

He also suggested that pending liabilities under the Seeds component be booked expeditiously to improve fund utilisation.

Chouhan said Maharashtra’s overall utilisation exceeding the required threshold reflected effective implementation of agricultural development programmes.

The minister emphasised that timely expenditure should always be accompanied by continuous monitoring to ensure that public funds are utilised strictly for the objectives for which they have been sanctioned.

He also appreciated Maharashtra's performance in generating Farmer IDs and recalled the state's prompt financial assistance to farmers affected by floods, wherein compensation amounting to around Rs 14,000 crore was transferred directly to farmers' bank accounts within five days.

During the meeting, a separate discussion was also held on the implementation of the Pradhan Mantri Fasal Bima Yojana (PMFBY). The minister stressed the need for accurate disclosure of information by farmers while applying for crop insurance.

He clarified that both Kisan Credit Card (KCC) and non-KCC farmers are eligible to avail crop insurance benefits, but concealment of KCC status by applying through another account should be avoided.

The proposed declaration on the portal is intended solely to ensure transparency and correctness of information, and not to restrict benefits to any eligible farmer.