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Friday / November 22. 2024
HomeAgroPolicyReduced tax, surcharge reduction for cooperative societies will benefit dairy cooperatives: Atul Chaturvedi

Reduced tax, surcharge reduction for cooperative societies will benefit dairy cooperatives: Atul Chaturvedi

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According to the Secretary for the Department of Animal Husbandry & Dairy, an increase of 20 per cent in the budget in 2022-23 for Rashtriya Gokul Mission and National Program for Dairy Development will increase the productivity

The reduced alternate minimum tax and surcharge reduction for cooperative societies will benefit thousands of dairy cooperatives in India, which will result in higher income for the country’s 8 crore dairy farmers. This was stated by Atul Chaturvedi, Secretary for the Department of Animal Husbandry & Dairy while giving his opinion on the budget recently presented by the Union Finance Minister.

He said, “In 2022-23, the budget for livestock has been increased by 40 per cent, and central sector schemes have been increased by 48 per cent, indicating the government’s commitment to the growth of livestock and dairy farmers.”

Chaturvedi added, “An increase of 20 per cent in the budget in 2022-23 for Rashtriya Gokul Mission and National Program for Dairy Development will increase the productivity of the indigenous bovine population and quality milk production, benefitting eight crore dairy farmers.”

He underlined that the implementation of the One Health Mission with almost 60 per cent enhancement in fund allocation for Livestock Health and Disease Control for 2022-23 over the previous year will ensure healthier livestock and healthier India.

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