Why is it in the News?

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the continuation of the Animal Husbandry Infrastructure Development Fund (AHIDF) to be implemented under the Infrastructure Development Fund (IDF) with an outlay of Rs.29,610.25 crore for another three years up to 2025-26.

About the Animal Husbandry Infrastructure Development Fund:

• This initiative operates as a Central Sector Scheme aimed at incentivizing investments from various entities, including individual entrepreneurs, private companies, MSMEs, Farmer’s Producers Organizations (FPOs), and Section 8 companies.
• These investments are directed towards establishing infrastructure for:
  • Dairy processing and value addition
  • Meat processing and value addition
  • Animal feed plants

Objectives:

• Facilitating the expansion of milk and meat processing capacity and diversification of products, thereby granting unorganized rural milk and meat producers greater access to organized markets.
• Enhancing price realization for producers and ensuring the availability of quality milk and meat products for domestic consumers.
• Promoting exports and elevating the sector's contribution to export revenue.
• Providing quality concentrated animal feed to cattle, buffalo, sheep, goat, pig, and poultry, ensuring balanced rations at affordable prices.
• The Government of India offers a 3% interest subvention for a period of 8 years, including a two-year moratorium, for loans covering up to 90% of the investment.
  • These loans are accessible from scheduled banks, the National Cooperative Development Corporation (NCDC), NABARD, and NDDB.
  • Notably, government entities and cooperatives are excluded from availing benefits under this scheme.

What is Animal Husbandry?

• Animal husbandry encompasses the controlled cultivation, management, and production of domestic animals, with a focus on enhancing desirable qualities through breeding.
• It serves as a vital branch of agriculture dedicated to animals raised for various purposes such as meat, fibre, milk, and other products.
• This involves day-to-day care, selective breeding, and the overall management of livestock.
• In India, animal husbandry plays a crucial role in the livelihoods of many farmers, offering significant self-employment opportunities, particularly for landless labourers, small and marginal farmers, and women.
• The sector contributes to providing affordable and nutritious food to millions of Indians through the production of meat, eggs, milk, and other essential items.
• Additionally, it serves as a valuable source of raw materials such as hides, skins, bones, blood, and fat.
• Animals are often regarded as the best insurance against natural calamities like drought, famine, and other adversities, providing a degree of stability to farmers in unpredictable conditions.