Pashu Bhagya

Pashu Bhagya

In the Budget Speech 2015-16, the Hon’ble Chief Minister announced a new scheme named ‘Pashu Bhagya’. The scheme encompasses the following provisions:

  • Farmers belonging to Scheduled Caste and Scheduled Tribes will receive a backended subsidy of 50%, whereas other small and marginal farmers will receive a subsidy of 25%. The subsidy will be provided to establish cattle, sheep, goat, pig, and poultry units, and farmers can avail a maximum loan of Rs.1.20 lakh from commercial banks. (Note: The SC/ST subsidy was revised from 33% to 50% vide Pashu Bhagya Administrative Approval GO, dated 04-08-2015).
  • Co-operative Banks will offer short-term loans up to Rs.50,000/- at 0% interest, similar to crop loans, for cattle feed and other maintenance expenses.
  • Members of Milk Producers’ Co-operative Societies will receive a subsidy for payment of insurance premiums for up to 5 cattle.
  • The ex-gratia payment of Rs.5,000/- under the ‘Kurigahi Suraksha Scheme’ will continue, and a grant of Rs.5.00 crore has been allocated for this program.

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