26) Animal Husbandry Infrastructure Development Fund

Question 1

Context ?

Answer 1

Cabinet Committee on Economic Affairs has given its nod to setup this 15000cr fund

Question 2

Aim ?

Answer 2

To facilitate incentivisation of investments in the establishment of infrastructure in the animal husbandry sector

Question 3

Which mission is this a part of ?

Answer 3

Aatmanirbhar Bharat

Question 4

Beneficiaries ?

Answer 4

FPOs, MSMEs, Section 8 companies, Private companies and Individual entrepreneurs with minimum 10% margin money contribution by them
The balance 90% would be the loan component to be made available by scheduled banks

Question 5

Duration ?

Answer 5

2yr moratorium period for repayment of loan with 6yr repayment period

Question 6

Is there any interest subvention ?

Answer 6

4% interest subvention to eligible beneficiaries from the Aspirational districts and 3% for beneficiaries from other districts