Animal Husbandry Infrastructure Development Fund

About Animal Husbandry Infrastructure Development Fund

• It is a Central Sector Scheme.
• It has been approved for incentivizing investments by individual entrepreneurs, private companies, MSME, Farmers Producers Organizations (FPOs) and Section 8 companies to establish
  • the dairy processing and value addition infrastructure
  • meat processing and value addition infrastructure and
  • Animal Feed Plant.
• Objectives
  • To help increasing of milk and meat processing capacity and product diversification thereby providing greater access for unorganized rural milk and meat producers to organized milk and meat market.
  • To make available increased price realization for the producer.
  • To make available quality milk and meat products for the domestic consumer.
  • To promote exports and increase the export contribution in the milk and meat sector.
  • To make available quality concentrated animals feed to the cattle, buffalo, sheep, goat, pig and poultry to provide balanced ration at affordable prices.
• Government of India will provide 3% interest subvention for 8 years including two years of moratorium for loan up to 90% from the scheduled bank and National Cooperative Development Corporation (NCDC), NABARD and NDDB.
• Under this government entities and cooperatives are not eligible to get benefit of this scheme

Q1) What is the function of National Cooperative Development Corporation (NCDC)?

It was established by an Act of Parliament in 1963 as a statutory Corporation under the Ministry of Cooperation. It functions in planning, promoting and financing programmes for production, processing, marketing, storage, export and import of agricultural produce, food stuffs, certain other notified commodities e.g. fertilisers, insecticides, agricultural machinery,

Source: Cabinet approves extension of Animal Husbandry Infrastructure Development Fund