Cabinet approves establishment of Animal Husbandry Infrastructure Development Fund worth Rs. 15,000 crore

The government has introduced a Rs. 15,000 crore Animal Husbandry Infrastructure Development Fund for infrastructure related development in animal husbandry, dairy and livestock related enterprises.
Under the scheme, upto 90 per cent of loan for starting such enterprises will be given by banks.
Government has also extended an Interest subvention of 3 per cent on all such loans under the scheme.
The Development Fund will incentivise infrastructure investments in dairy, meat processing and animal feed plants.
Eligible beneficiaries under the Scheme would be Farmer Producer Organizations (FPOs), MSMEs, Section 8 Companies, Private Companies and individual entrepreneurs.
Mr. Javadekar also informed that government has extended a 2 per cent interest waiver to nearly 9 crore 37 lakh Mudra Shishu loan borrowers.