The ministry of agriculture proposes to revamp its flagship growth scheme, Rashtriya Krishi Vikas Yojana, to adopt a focused approach towards each sector and avoid multiplicity of schemes.
According to official sources, the scheme will support a new objective of asset creation along with its current job of funding project and schemes.
The fund allocation will be spread across four to five years rather than an yearly allocation.
"For infrastructure in agriculture, be it in marketing or irrigation, one needs continuity in funding for at least three-four years and not one year.
"Therefore, there is a need to change the focus of funding RKVY," said an official source.
Fund allocation to RKVY is expected to grow by 15-20 per cent in the Budget to be announced in March, the source said.
Officials explained that funding to states under RKVY will be made proportional to the growth of agriculture in the particular state.
This is done to improve the states' involvement in the whole sectoral growth. "Some states keep the funds unutilised for some reason," they said.
Besides, the number of schemes under RKVY may be pruned to a dozen from 50-60 currently but without diluting the objective of the schemes.
Besides, various schemes announced earlier, which are being administered under various departments, will be consolidated under RKVY.
The desired infrastructure under the flagship scheme may be local processing units, collection centres, dam/canal,