The Indian government’s strategy to double farmer incomes involves a ₹110 billion push for the dairy sector

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  • At least 22 dairy infrastructure projects are now underway in five states – Haryana, Punjab, Karnataka, Maharashtra and Gujarat, with a total cost of ₹31 billion.
  • In addition, around ₹80 billion has been allocated towards establishing a fund to equip dairy farmers with cooling technology and milk testing equipment.
  • Separately, the government is also drafting a plan to provide a subsidy for dairy farmer cooperatives to transition to solar power equipment.

New Delhi, February 07, 2019:  While the recent interim budget presented by Acting Finance Minister Piyush Goyal involved a cash handout programme for farmers, it seems that the Modi government knows that this won’t be enough to solve their problems.

In line with the government’s goal to double farmers’ incomes by 2022, Radha Mohan Singh, the Union Minister for Agriculture, just outlined his ministry’s plans to develop the dairy sector acording to businessinsider.in. 

According to an official statement, at least 22 projects are underway in five states – Haryana, Punjab, Karnataka, Maharashtra and Gujarat, with a total cost of ₹31 billion.

India’s interim budget was met with a broad degree of approval from India’s dairy farmers. A highlight was the provision of a 2% interest subsidy on loans for farmers engaged in animal husbandry.

Separately, the government’s ministry of renewable energy is also drafting a plan to provide a subsidy for dairy farmer cooperatives to transition to solar power equipment. Given the fact that power outages affect the ability of farmers to store milk, solar power could provide a solution.

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