Finance Minister, Nirmala Sitharaman today announced a Rs 15,000 Crore Animal Husbandry Infrastructure Development Fund to support private investment in Dairy Processing, value addition and cattle feed.
The aim of the fund is to attract investment in dairy processing, value addition, and cattle feed infrastructure in the country. This announcement came as a part of the third tranche of the economic package announced by the Finance Minister, Nirmala Sitharaman.
Incentives under the scheme would be given to those establishing plants for export of niche products. The fund is likely to benefit areas in the country which have high milk production, but lack funds and the technical expertise.