CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Union Cabinet headed by the Prime Minister Narendra Modi approved setting up of Animal Husbandry Infrastructure Development Fund and for this the Centre has allocated a sum of how much Rs?

A	Rs.25000 crore
B	Rs.35000 crore
C	Rs.5000 crore
D	Rs.15000 crore

Explanation:

Detailed explanation-1: -The establishment of a Rs. 15000 crore Animal Husbandry Infrastructure Development Fund was stated in the recently announced Atma Nirbhar Bharat Abhiyan stimulus package by the prime minister (AHIDF).

Detailed explanation-2: -f) To promote exports and increase the export contribution in the milk and meat sector. Animal Husbandry Infrastructure Fund will be implemented by the Department of Animal Husbandry and Dairying, Ministry of Fisheries, Animal Husbandry and Dairying.

Detailed explanation-3: -The beneficiaries are to contribute a minimum of 10% margin money as investment. The balance 90% would be the loan component to be made available by scheduled banks. Government of India will provide 3% interest subvention to eligible beneficiaries.

Detailed explanation-4: -Animal Husbandry Infrastructure Development (AHIDF) is a Central Sector Scheme. It was launched by the Ministry of Animal Husbandry, Fisheries, and Dairying. Aim: To facilitate incentivization of investments for: Dairy processing and value addition infrastructure.

There is 1 question to complete.