Chief Minister Kamdhenu Scheme: Under this scheme, people doing animal husbandry business will get benefit
Chief Minister Kamdhenu Scheme: India is an agricultural nation, with a significant portion of the population reliant on farming. The government is running a variety of programs to support farmers. In addition, several state governments are promoting animal husbandry via a variety of programs. ‘Mukhyamantri Kamdhenu Yojana’ (MKY) has been launched in Odisha by Chief Minister Mohan Charan Majhi in this episode. This program’s objective is to support and incentivize farmers to establish their own animal husbandry businesses. So let’s find out what this plan entails.
Farmers will get Help in Financial Situation
‘Mukhyamantri Kamdhenu Yojana’ (MKY) has been launched by Odisha Chief Minister Mohan Charan Majhi. Farmers who want to purchase milch cows and buffaloes may apply for loans with subsidies under this program. The farmers will gain a great deal from this. Farmers who are struggling financially will also be allowed to launch their own company. Their family’s situation will improve as a result, and they will be able to sell milk products on the market and make a sizable profit.
How much will the government spend for this scheme?
In five years, the government would spend Rs 1,423.47 crore on the Chief Minister Kamdhenu Yojana (MKY).
How much will be paid for livestock insurance?
To help farmers, the government has also introduced the Gopalan Yojana (Animal Husbandry Scheme) in addition to the Chief Minister Kamdhenu Yojana. The government would invest Rs 476 crore on this program, which will help around 31,500 farmers over the course of its five-year implementation.
This program will help farmers who want to launch an animal husbandry enterprise. The government intends to spend Rs 187 crore on livestock insurance, of which farmers would be required to pay the remaining 15%. The government will cover 85% of the insurance cost.
How much will be the cost of fodder production?
In addition, the government has said that it would invest Rs 216 crore in the calf-raising program and that dairy producers will get incentives totaling Rs 166 crore. The production of feed would be encouraged by government spending of Rs 200 crore.
