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Budget 2019: Proposals bring cheer to dairy industry

taiwan_dairy

Finance Minister Nirmala Sitaraman announced a 2% interest subvention for farmers engaged in animal husbandry and fisheries who take loans through the Kisan Credit Card (KCC) scheme.

The dairy industry hailed the proposals of the 2019-20 interim budget for the sector saying the measures would lead to an increase in farmers’ incomes.

Finance Minister Piyush Goyal announced a 2% interest subvention for farmers engaged in animal husbandry and fisheries who take loans through the Kisan Credit Card (KCC) scheme.

Further, in case of timely repayment of loans, the borrowers will get an additional 3% interest subvention.

“The increased outlay for Rashtriya

Kamdhenu Aayog will boost milk productivity of indigenous cows,” he said.

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