Rashtriya Krishi Vikas Yojna (RKVY) is an important scheme of the Government of India, under the aegis of Department of Agriculture Cooperation & Farmer Welfare (DAC&FW), Ministry of Agriculture and Farmer’s Welfare (MoA&FW), Govt. of India. This scheme aims 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. 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 basic to harness synergies. Punjab Agricultural University, Ludhiana has been bestowed with an incubator namely PABI under this scheme in March, 2019.