Rapid Fire
Inclusion of Additional Activities in National Livestock Mission
- 24 Feb 2024
- 1 min read
Recently, the Union Cabinet has approved additional activities for the National Livestock Mission (commenced in 2014-15). It includes-
- Entrepreneurship establishment for horses, donkeys, mules, and camels with 50% capital subsidy up to 50 lakhs for Individuals, Farmer Producer Organizations, Self-Help Groups, Joint Liability Groups, Farmer Cooperative Organizations, and Section 8 companies of Companies Act 2013.
- Entrepreneurs will receive 50% capital subsidy up to Rs. 50 lakhs for fodder seed processing infrastructure, including construction, machinery, and seed storage godown.
- State government assistance will be provided for fodder cultivation in non-forest land, waste-land, range land, and degraded forest land to increase fodder availability.
- Simplification of the Livestock Insurance program, reducing farmer's premium share to 15%, with the remaining premium shared by Centre and State.
- The number of animals to be insured has also been increased to 10 cattle units instead of 5 cattle units for cattle, sheep and goats.
Read more: India's Livestock Sector
