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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