Government nods to invest 15000-crore on diary, poultry and meat processing units
New Delhi: The Government has launched a new plan for the spaces of dairy, poultry and meat processing units. The government has decided to invest 15000 crores on infrastructure to provide an interest subvention of 3% to the private owners who would help them in the project.
This decision was taken in the Cabinet meeting chaired by the Honorable PM Narendra Modi. “Such a huge investment would help in the increase of milk production units, increase milk exports and create 35 lakh jobs around the country.” said Prakash Javadekar Information and Broadcasting Minister told reporters
“Since the increasing cases of the novel coronavirus have created a big threat in the job sector, many people have lost their jobs and experienced job cuts and salary cuts in the pandemic. This has made their life extremely critical.” He further added.
The Animal Husbandry Minister, Giriraj Singh added that “This new idea is a part of Rs 20 lakh crore economic packages that were initiated by the Modi government. The new economic package was introduced to tackle the economic crisis in the times of the novel coronavirus.”
The initiation of such a huge investment would help many people whose jobs have been affected in the lockdown and due to the rapid increase of the novel coronavirus. In this critical phase, the huge investment in animal food production and husbandry production that includes dairy, meat food processing would bring economic revival in the nation.
Currently, India stands 4th in the COVID-19 cases with 4,61,444 cases and more than 15,968 new cases of COVID-19. The country has reported 14,569 deaths with more than 465 new deaths to be reported soon.