Animal Husbandry Infrastructure Development Fund

Cabinet Committee on Economic Affairs has given its nod to set up an 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 of 90% would be the loan component to be made available by scheduled banks. The Centre will provide a 3% interest subvention to eligible beneficiaries, with a 2-year moratorium period for the principal loan amount and a six-year repayment period after that.

Source: PIB

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