Connect with:
Friday / April 19. 2024
HomeAgroPolicyRupala launches the realigned Animal Husbandry Infrastructure Development Fund Scheme

Rupala launches the realigned Animal Husbandry Infrastructure Development Fund Scheme

The Scheme will help the Dairy Cooperatives to upgrade their processing infrastructure with an updated processing technology.

Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry & Dairying, launched the realigned AHIDF Scheme and released the Radio Jingle on AHIDF at New Delhi. In his address, Rupala informed that the scheme was started during COVID period which was the difficult time for the entire country. He said that the scheme has been realigned and will be implemented for another 3 years. The industry, FPO, Dairy Cooperatives should take benefit of the scheme.

The Cabinet in its meeting approved the realignment of the AHIDF under Infrastructure Development Fund with an outlay of Rs 29610 crore. Now the Total Fund will be of Rs 29610 crores. Instead of Rs 15000 crores. The realigned scheme will be implemented for further period of three years from 31.03.2023 till 2025-26. In the realigned scheme, Dairy Infrastructure Development Fund has been subsumed. Now the Dairy Cooperatives will avail benefit of interest subvention of 3 per cent under AHIDF instead of 2.5 per cent which was received in DIDF. The Dairy Cooperative will also get Credit Guarantee support under the Credit Guarantee Fund of AHIDF. The Scheme will help the Dairy Cooperatives to upgrade their processing infrastructure with an updated processing technology. This will benefit large number of milk producers in the country.

In the inaugural event, Industry associations, NDDB, Dairy Cooperatives, FPO and Officials from the North Eastern States were also present. During the interaction, ABIS Export Private Limited, one of the eligible entities, appreciated the role of the scheme in creating infrastructure in livestock sector and said that they will invest Rs 2000 crore in creating infrastructure. Dishala Livelihood Producer Company Limited, FPO informed that they have set up a dairy processing and value addition project at Sehore, Madhya Pradesh with Capacity of 10000 litres per day under AHIDF in collaboration with Manthan Organization. They have obtained 1.2 lakh interest subvention from the Department. Amba Feed informed that they have set up 120000 MT per annum of Animal Feed plant in Coimbatore under AHIDF.

Under the realigned scheme, the following will be the benefit:

  • Interest Subvention of 3 per cent payable up to 8 years
  • Individuals, FPO, Dairy Cooperatives, Private Companies, Section 8 companies, MSME
  • Credit guarantee cover unto 25 per cent of the term loan.
  • No ceiling on the loan amount
  • Loan up to 90 per cent of the estimated/actual project cost
  • Dovetailing with capital subsidy schemes of other ministries or state level schemes
  • Ease of application process through online portal www.ahidf.udaymimitra.in.

No comments

leave a comment