Kisan Vikas Fund
Full Form of KVF
What is KVF?
Kisan Vikas Fund (KVF) is a financial initiative by the Government of India aimed at providing direct financial support to small and marginal farmers for agricultural development and livelihood improvement. Launched under the broader framework of inclusive rural growth, the fund is managed by the Ministry of Agriculture and Farmers Welfare and is disbursed through state-level agricultural departments and cooperative banks. KVF is typically used to subsidize inputs like seeds, fertilizers, and irrigation equipment, and to support farm infrastructure projects such as community storage and solar pumps. It is relevant for students preparing for competitive exams like UPSC, SSC, and State PSCs where schemes for farmers are frequently tested. The fund operates in tandem with other initiatives like PM-Kisan and Kisan Credit Card, ensuring a holistic support system for the agricultural community. KVF is particularly active in regions with high agrarian distress and low mechanization levels, helping to bridge the resource gap. By enhancing productivity and reducing input costs, the fund contributes to the goal of doubling farmers' income by 2024. Its monitoring framework includes periodic audits and digital tracking of benefits to ensure transparency and accountability.
KVF का फुल फॉर्म
किसान विकास कोष
Example
The District Agriculture Officer released ₹5 crore from the Kisan Vikas Fund to provide subsidized drip irrigation kits to farmers in the drought-prone zone of Maharashtra.