Budget allocation to Ministry of Fisheries, Livestock and Dairy increased by 44%
The Union budget for the financial year 2022 presented has allocated Rs 6,407.31 crore to the Ministry of Fisheries, Animal Husbandry and Dairy Industry. The budget allocation of the Ministry of Fisheries, Animal Husbandry and Dairy has been increased by 44 percent.
Atul Chaturvedi, Secretary of the Department of Livestock and Dairy Products, said: “In 2022-23, the livestock budget was increased by 40% and the central sector programs were increased by 48%, which which indicates the government’s commitment to the growth of cattle and dairy farmers under the leadership of Prime Minister Narendra Modi”.
Chaturvedi highlighted the fact that the reduction of the alternative minimum tax and surtax for cooperative societies will benefit thousands of dairy cooperatives in India, resulting in increased income for the country’s 8 million dairy farmers.
A 20% budget increase in 2022-23 for the Rashtriya Gokul Mission and the National Dairy Development Program will increase the productivity of the indigenous cattle population and the production of quality milk, benefiting 8 million dairy farmers.
He stressed that implementing the One Health mission with an almost 60% increase in the allocation of funds for livestock health and disease control for 2022-23 compared to the previous year will ensure a healthier livestock and a healthier India.