The Rashtriya Krishi Vikas Yojna (RKVY) is an important scheme of the Ministry of Agriculture and Farmers’ Welfare (MoA&FW), Government of India aimed at strengthening infrastructure to promote agripreneurship and agribusiness by providing financial support and nurturing the incubation ecosystem. A new component under the revamped scheme Rashtriya Krishi Vikas Yojana - Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR) has been launched in 2018-19. RKVY-RAFTAAR supports agribusiness incubation by tapping innovations and technologies for venture creation in agriculture sector covering Agri-Biotech; Agriculture/Horticulture/Natural Resource Management; Sustainable Agriculture/Organic farming; Animal Husbandry, Dairying, Fishery; Agri-Input tools and technologies; Micro Irrigation; Farm Mechanization and Agri Engineering; Precision Farming; Harvesting and Post-Harvest Processing; Food Processing; Supply Chain Management; Farm Retailing; Agri Extension Education; Internet of Things (IoT); ICT and Artificial Intelligence in Agriculture; Waste to Wealth (Value addition to Agro-biomass), Secondary Agriculture; Agri Clinics & Farm Health services, Cotton and Other Natural Fibres, Nanotechnology Applications in Agriculture, Green Composites, Paper, Pulp and Packaging etc. In this process, incubation facilities and expertise already available with participating academic, technical, management and R&D institutions in the country shall be utilized on an individual or collective basis to harness synergies. ICAR-CIRCOT has been bestowed with an incubator namely CIRCOT-R-ABI under this scheme in January 2019.
ICAR-Central Institute for Research on Cotton Technology, established in 1924, a premier constituent institute of Indian Council of Agricultural Research, is engaged in carrying out basic and strategic research in processing of cotton & its agro-residues, development of value added products and quality assessment of cotton. CIRCOT has diversified its ambit to cover other natural fibers such as Banana, Coconut etc., and started pioneering work in nanotechnology and its application in textile finishing, natural fiber based composites, and environmentally benign technology for processing cotton textiles. The institute is also working on value addition to cotton biomass through particle board preparation, compost making, nanocellulose production, cottonseed oil etc. to provide additional income to cotton growers. CIRCOT is an ISO 9001:2015 certified institute and is an accredited laboratory under NABL (ISO 17025:2005), functioning as Referral Laboratory for cotton textile. With an established reputation of nine decades amongst textile industries, ginning industries and cotton farmers as a renowned technology developer, ICAR-CIRCOT is skilfully catalyzing the transfer of its technologies from lab to startups, entrepreneurs and farmers through the agribusiness incubation center.