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National Livestock Mission extension
February 26 , 2024
276 days
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- The Union Cabinet has approved further modifications to the National Livestock Mission (NLM), incorporating additional activities to bolster the livestock sector.
- Individuals, Farmer Producer Organizations (FPOs), Self-Help Groups (SHGs), Joint Liability Groups (JLGs), Farmer Cooperative Organizations (FCOs), and Section 8 companies can now receive a 50% capital subsidy, up to Rs. 50 lakhs, for establishing entrepreneurship ventures related to horses, donkeys, mules, and camels.
- State governments will be supported for the conservation of horse, donkey, and camel breeds.
- The central government will allocate Rs 10 crore for the establishment of semen stations and nucleus breeding farms dedicated to horses, donkeys, and camels.
- Private companies, startups, SHGs, FPOs, FCOs, JLGs, Farmers Cooperative Societies (FCOs), and Section 8 companies involved in Fodder seed processing infrastructure can avail a 50% capital subsidy.
- The Livestock Insurance programme has been streamlined, reducing the beneficiary's share of the premium for farmers to 15%.
- The current rates are 20%, 30%, 40%, and 50%.
- The remaining premium amount will be shared by the Centre and the State at a ratio of 60:40 for all states and 90:10 in the case of Union Territories.
- The number of animals eligible for insurance has been increased to 10 cattle units for cattle, sheep, and goats.
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