Animal Husbandry Infrastructure Development Fund

Animal Husbandry Infrastructure Development Fund mind map
Recent News
Continued till 2025-26
Outlay of Rs.29,610.25 crore
Approved by Union Cabinet
Chaired by Prime Minister Narendra Modi
When
Extension announced on 1st February 2024
Why
To boost animal husbandry sector
Enhance livestock infrastructure
What/Full Provisions
Includes various sub-sectors
Dairy processing and product diversification
Meat processing and product diversification
Animal Feed Plant
Breed multiplication farm
Animal Waste to Wealth Management
Veterinary vaccine and drug production facilities
Financial Support
3% interest subvention for 8 years
Including 2 years of moratorium
Loan up to 90% from banks, NCDC, NABARD, NDDB
Credit Guarantee
For MSME and Dairy Cooperatives
Up to 25% of credit from a Rs.750 crore fund
Where
Implemented across India
Who
Beneficiaries
Individuals
Private Companies
Farmer Producer Organizations (FPO)
MSME
Section 8 companies
Dairy Cooperatives
Implementing Agency
Ministry of Fisheries, Animal Husbandry & Dairying
How
Impact since inception
Added 141.04 LLPD of milk processing capacity
79.24 lakh metric ton of feed processing
9.06 lakh metric ton of meat processing
Increase in processing capacity by 2-4%
Pros/Significance
Employment generation
Direct and indirect to 35 lakh people
Entrepreneurship development
Wealth creation in livestock sector
Supports Prime Minister's goal of doubling farmers' income
Encourages private sector investment
Introduces latest technologies for processing and value addition
Cons and/or Challenges
[No specific challenges mentioned in the sources]
Way Forward
Encouraging more private investments
Continual infrastructure upgrade
Focusing on new activities
Technologically assisted breed multiplication farms
Strengthening veterinary drugs and vaccine units
Management of animal waste to wealth

In summary, the Animal Husbandry Infrastructure Development Fund is a comprehensive scheme by the Indian government to strengthen and expand the animal husbandry sector, including dairy, meat, and feed processing. It involves a significant financial outlay and aims to increase processing capacities, generate employment, and encourage private investments in the sector, aligning with the broader goal of enhancing farmers’ income and contributing to the national economy.

Related Posts

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
X
Home Courses Plans Account