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DAILY NEWS ANALYSIS

  • 27 June, 2020

  • 2 Min Read

Animal Husbandry Infrastructure Development Fund 

Animal Husbandry Infrastructure Development Fund

Cabinet Committee on Economic Affairs has given its nod to set up a Rs.15,000 crore Animal Husbandry Infrastructure Development Fund. The fund had been proposed as part of the Aatmanirbhar Bharat. Eligible beneficiaries under the scheme include the following with a minimum 10% margin money contribution by them,

  • Farmer producer organisations,
  • MSMEs,
  • Section 8 companies,
  • Private companies and
  • Individual entrepreneurs

The balance 90% would be the loan component to be made available by scheduled banks. The Centre will provide 3% interest subvention to eligible beneficiaries, with a 2-year moratorium period for the principal loan amount and six-year repayment period after that.

Source: PIB


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