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Government approves ₹15,000 crore infrastructure fund for dairy, poultry and meat-processing units
Animal Husbandry Minister Giriraj Singh said that the new fund is part of the ₹20 lakh crore economic package announced to help those affected due to the coronavirus lockdown.
The government on Wednesday announced a new ₹15,000-crore-infrastructure fund to provide interest subvention of up to 3% to private players for setting up of dairy-, poultry- and meat-processing units.
A choice in such manner was taken in the Cabinet meeting, headed by Prime Minister Narendra Modi. “A ₹15,000 crore fund has been approved by the Cabinet that will be open to all and will help in increasing milk production, boost exports and create 35 lakh jobs in the country,” Information and Broadcasting Minister Prakash Javadekar told reporters.
Animal Husbandry Minister Giriraj Singh said that the new infrastructure fund is part of the ₹20 lakh crore economic package announced to help those affected due to the lockdown clamped to prevent the spread of coronavirus(COVID-19).
“Just because, we will surrender intrigue grant to 3% to private players for setting up of handling framework for dairy, poultry and meat,” he included.