News Leaflets
A leading news portal.

Animal husbandry’s share increases by 40% in Budget 2023-24

0 31

Agriculture credit target goes up to Rs 20 lakh crore; Focus on livestock health and disease control programme in allocation

The Department of Animal Husbandry and Dairying received an allocation of Rs 4,327.85 crore, an increase from Rs 3,105.17 crore in 2022-23 revised estimates. Photo: iStock

The animal husbandry sector received a boost in the Union Budget 2023-24 announced by Finance Minister Nirmala Sitharaman February 1, 2023. Allocations to the sector increased by almost 40 per cent, compared to the revised estimates of the financial year (FY) 2022-23.

The Department of Animal Husbandry and Dairying received an allocation of Rs 4,327.85 crore, an increase from Rs 3,105.17 crore in 2022-23 revised estimates.

A significant part of the total allocation went to the livestock health and disease control programme — Rs 2,349.71 crore. The country, for the last three years, has been reeling under the effect of two deadly livestock diseases — Lumpy Skin Disease and African Swine Fever.

Read more: Budget 2023-24: Agriculture ignored, schemes for ensuring MSP-based procurement nearly ‘closed down’

Allocation under the scheme witnessed an increase of 69 per cent. The allocation under it in FY2022-23 was Rs 1,390.02 crore.

The livestock sector was also reeling under a severe fodder crisis, with farmers facing a shortage of dry fodder. 

Funds under the programme are kept for supplementing the activities of the state governments for sustainable livestock health by providing central assistance under various immunisation, skill development and the creation of veterinary infrastructure.

The provision also included grants to the Veterinary Council of India and state veterinary councils.

The National Livestock Mission, meant for sustainable development of the livestock sector, especially cattle, ruminants and other small livestock, was allocated Rs 410 crore.

Substantial allocations are essential to give a boost to the increasing contribution of the livestock sector to economic growth. The sector grew at a compound annual growth rate of 7.9 per cent to 2020- 21 from 2014-15 at constant prices.

Read more: Budget 2023-24: ‘Blood bath’ of MGNREGA as welfare scheme sees lowest allocation in last 2 years

Sithraman, in her Budget speech, said:

An agriculture credit target will be increased to Rs 20 lakh crore with a focus on animal husbandry, dairy and fisheries.

Meanwhile, the Department of Fisheries also saw an increase in allocation by 38.4 per cent.

Sitharaman also announced the launch of a new sub-scheme of Pradhan Mantri Matsya Sampada Yojana with a targeted investment of Rs 6,000 crore to enable further activities of fishermen, fish vendors, and micro and small enterprises, improve value chain efficiencies and expand the market.

Read more:


Read original article here

Denial of responsibility! News Leaflets is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment