Union Cabinet approves extension of Animal Husbandry Infrastructure Development Fund (AHIDF) till 2025-26 | Current Affairs | Vision IAS
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    Union Cabinet approves extension of Animal Husbandry Infrastructure Development Fund (AHIDF) till 2025-26

    Posted 02 Feb 2024

    Updated 18 Mar 2024

    2 min read

    • Along with extension, new eligible entities and investment sphere have been included under the scheme. 
    • AHIDF was launched in 2020-21 under the Prime Minister’s Atma Nirbhar Bharat Abhiyan stimulus package, for three years.
      • AHIDF aims to incentivize investments  in sphere such as-
        • Dairy processing, meat processing, and value-addition infrastructure. 
        • Now, it has also included Animal Feed Plant, breed multiplication farm, Animal Waste to Wealth Management, etc.

     

    • Key Features:
      • Scheme Type:  Central Sector Scheme
      • Implementation Agency: Department of Animal Husbandry and Dairying, Ministry of Fisheries, Animal Husbandry and Dairying.
      • Eligible entities: Individual entrepreneurs, private Companies, Farmer Producer Organization (FPOs), Micro, Small and Medium Enterprises (MSMEs) , and Section 8 companies (non-profitable organizations) underCompanies Act, 2013. 
        • Now, Dairy Cooperatives are also included under it.
      • Loan Facility: Government provides 3% interest subvention for 8 years (including 2 years of moratorium) for loans up to 90% by scheduled banks, NABARD, NDDB, etc. 
        • Also, provides credit guarantee to the MSMEs and Dairy Cooperatives up to 25% of the credit borrowed from the Credit Guarantee Fund (CGF).
          • CGF is managed by NABARD. 

    Achievements

    • Increased processing capacity by 2-4% in dairy, meat and animal feed sector since its launch.
    • Approx.15 lakh farmers benefitted from the scheme so far.
    • Promoted entrepreneurship, employment generation etc.
    • Tags :
    • Ministry of Fisheries, Animal Husbandry and Dairying
    • Agriculture
    • Livestock Sector
    • Dairy Sector
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