Re 1 invested in agricultural activities provides return of Re 0.70 or even far less while the same investment gives return of Rs 3 from animal husbandry activities. This was said by Devendra Choudhry, Secretary, Department of Animal Husbandry, Dairying and Fisheries, Ministry of Agriculture & Farmers Welfare, Government of India.
He expressed his views while chairing a meeting comprising senior officer from IDBI, National Bank for Agriculture and Rural Development (NABARD) and National Cooperative Development Corporation (NCDC) today in New Delhi on finding a way out for an estimated funding of Rs 10,000 crore in animal husbandry, dairy and fisheries. Choudhry said that it is imperative that all the sectors of Animal Husbandry including Dairy and Fisheries need to be promoted aggressively not only for better return but also for ensuring gainful employment and nutritional needs of the people.
The secretary informed that a number of funding agencies are to be identified for bridging the gap between usual plan resources and requirement. He said that Japan International Coordinating Agency (JICA) is providing an amount of around Rs 7,000 crore for dairy development in India. It was emphasised that as to how the other agencies like NABARD, IDBI, NCDC can facilitate priority lending sector funding to the animal husbandry activities and on the beneficial terms to entrepreneurs including cooperatives and small and marginal farmers.
The secretary pointed out that animal husbandry can be the effective tool for changing the game for enhancing and doubling the farmers’ income and directed all the participating agencies to find out a fully integrated prospective for animal husbandry sectors and come up with the solutions from their end.