Govt approves Rs 15K-cr animal husbandry infra fund to generate employment

The government on Wednesday announced a Rs 15,000 crore infrastructure development fund with an interest subsidy scheme to promote investment by private players and MSMEs in dairy, meat processing and animal feed plants, a move which is expected to create 3.5 million jobs.

The fund is part of the Rs 20 trillion stimulus package announced in May to help people affected by the lockdown to prevent the spread of Covid-19.

An interest subvention of 3-4 per cent will be provided to farmer producer organisations, MSMEs and private players for setting up of dairy, meat processing and animal feed plants, an