Correct Answer: (c) Additional Central Assistance under the scheme would be available as 80% grant to the States
Solution:The Rashtriya Krishi Vikas Yojana (RKVY) was launched in August, 2007. Therefore, statement of option (a) is correct. In the 11th Five Year Plan, the total outlay of Rs. 25000 crore was fixed for the RKVY, hence, statement of option (b) is also correct. Till 2013-14, the scheme was implemented as an Additional Central Assistance (ACA) to State plan scheme with 100% central assistance. Thus, statement of option (c) is incorrect. Statement of option (d) is correct. RKVY was converted into a Centrally Sponsored Scheme in 2014-15 also with 100% central assistance. Since 2015-16, the funding pattern of the scheme has been altered in the ratio of 60 : 40 between Centre and States (90 : 10 ) for Northern Eastern States and Himalayan States ). For Union Territories the funding pattern is 100% central grant. The RKVY scheme has been revamped as Rashtriya Krishi Vikas Yojna-Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR) for implementation from 2017-18, with broad objectives of making farming a remunerative economic activity through strengthening the farmer's effort, risk mitigation and promoting agribusiness entrepreneurship.