How beneficial is PM relief package for dairy industry
How beneficial is PM relief package for dairy industry
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Between the lockdown and the corona transition, NDDB chairman Dilip Rath welcomed the support provided to the dairy sector to reduce the hardship of dairy farmers under the Prime Minister's Self-Reliant India Campaign. To curb the economic impact of Covid-19 on the dairy sector and lockdown, the government has introduced a new scheme for dairy cooperatives and farmer producer organizations involved in dairy activities (SDC and FPO), interest abatement on working capital loans for the dairy sector. Introduced

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This scheme provides interest sub-arrangement of 2% pa with additional interest incentive of 2% pa in case of prompt and timely repayment and interest servicing. This will help reduce the working capital crisis and enable timely payments to farmers to deal with surplus milk. The scheme will be implemented through the National Dairy Development Board and will unlock additional liquidity of Rs 5000 crore.

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According to the chariot in this case, many areas of the country with high milk production capacity will benefit through Animal Husbandry Infrastructure Development Fund of Rs 15,000 crore. This fund will for the first time promote private investment in dairy processing, value addition and animal feed infrastructure. Setting up of plants for export oriented units for niche products is also a welcome step. The National Animal Disease Control Program is a very welcome initiative to control and eradicate FMD and brucellosis through a nationwide immunization program with a total outlay of Rs 13,343 crore. This will help in controlling these two diseases, increasing the productivity, production and quality of animal origin products. This will create wealth in rural areas, provide better benefits to farmers and provide opportunities for export.

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