Dairying | Department Of Animal Husbandry And Dairying Provides Subsidy And Interest Subvention To Increase Milk Productivity

Department of Animal Husbandry and Dairying is implementing the following schemes for providing subsidy and interest subvention to the farmers to increase milk productivity.

Published by: Damián Morais

One of the components of the scheme Rashtriya Gokul Mission is to promote establishment of breed multiplication farm on hub and spoke model. Under the scheme 50% capital subsidy maximum up to Rs.2.00 crore is available for eligible entrepreneurs. Entrepreneurs assisted under establishment of breed multiplication farm are also eligible for interest subvention under Animal Husbandry Infrastructure Development Fund.

Dairy Processing and Infrastructure Development Fund (DIDF)- This scheme is being implemented with the objective of creation/ strengthening of milk processing, value addition & chilling facilities. Under the scheme, NABARD raises the fund from market and disburse loan to dairy cooperatives with 2.5% interest subvention through National Dairy Development Board and National Cooperative Development Corporation. Department of Animal Husbandry and Dairying provides 2.5% interest subvention to National Bank for Agriculture and Rural Development.

Animal Husbandry Infrastructure Development Fund (AHIDF) – under the scheme 3% interest subvention is made available to eligible beneficiaries availing for establishment of dairy processing and value addition infrastructure in addition to other components of the scheme.

Support to State Dairy Cooperative & Farmers Producers Organization (SDCFPO): under the scheme one time support in the form of Interest subvention on working capital loan has been introduced from the financial year 2020-21.

Kisan Credit Card (KCC) – For the first time, Government of India has extended KCC facility to Animal Husbandry and Fisheries farmers for their working capital requirement wherein farmers either individual or joint borrower, Joint Liability Groups or Self Help Groups including tenant farmers having owned/rented/leased sheds are eligible for getting benefits under the scheme.

The total number of cooperative milk production centres in the country, State-wise including Uttar Pradesh is given at Annexure I
and (e) Department of Animal Husbandry and Dairying is implementing the following schemes to improve the condition of cooperative milk production centres: (i) National Programme for Dairy Development; (ii) Dairy Infrastructure Development Fund and (iii) Support to Dairy Cooperative and Farmer Producers’ Organisations.

This information was given by Shri Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry & Dairying in a written reply in Lok Sabha today.

Look also

Parag Milk Foods Q2 net profit rises 15.9%; revenue up at Rs 871.31 crore

Parag Milk Foods reported a 15.9% rise in consolidated net profit, reaching Rs 29.21 crore in the second quarter ending September 2024.

You may be interested in

America? Jayen Mehta Speaks on Eyeing US, European Markets

Parag Milk Foods Q2 net profit rises 15.9%; revenue up at Rs 871.31 crore

Costco’s butter recall ignites meme fest online, ‘Drop it off at my house’

Topics |
Dairying

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.