Animal Husbandry Infrastructure Development Fund

Animal Husbandry Infrastructure Development Fund

News: Recently, the Union Cabinet approved the continuation of the Animal Husbandry Infrastructure Development Fund (AHIDF) for another three years up to 2025-26.

About:
• It is a scheme launched under the Atma Nirbhar Bharat Abhiyan Stimulus package, and has been approved for incentivizing investments by individual entrepreneurs, private companies, MSMEs, Farmers Producers Organizations (FPOs) etc.
• It aims to increase processing capacity by 2-4% in the dairy, meat and animal feed sector.

Funding pattern:
• 3% interest subvention for 8 years including two years of moratorium for loan up to 90% from the scheduled bank and National Cooperative Development Corporation (NCDC), NABARD and NDDB.
• Credit guarantee to the MSME and Dairy Cooperatives up to the 25% of the credit borrowed from the Credit Guarantee Fund of Rs.750 crore.
• It supports value-added dairy product manufacturing.