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Indian Express

Eye on investments, govt increases subsidy for dairy units to 35%

To attract investment in the dairy sector, the state government has decided to increase the subsidy for setting up new units or upgrading the existing ones to 35 per cent or up to Rs 5 crore. The state Cabinet on Thursday gave its nod to the amendments to the UP Dairy Development and Milk Production Promotion Policy 2022. Animal Husbandry and Dairy Development Minister Dharampal Singh said that so far, only 10 per cent subsidy was given by the state government under the existing policy, whereas under the policies like Food Processing Industry Policy 2023, 35 per cent subsidy or up to Rs 5 crore was given. 'Similarly, now under the Uttar Pradesh Dairy Development and Milk Production Promotion Policy, a subsidy of 35 per cent, up to Rs 5 crore, will be given for establishing new dairy units as well as for the upgradation of existing ones,' Singh said. He said that apart from this, 35 per cent of the cost or up to Rs 2.5 crore would also be given for modernisation in dairy plants, while 35 per cent or up to Rs 1 crore would be given for the purchase of machinery and equipment. 'While another 35 per cent of the cost, up to Rs 1 crore, has been offered for setting up of cold chain for dairy products,' the minister said. As part of efforts to make Gram Sabha and Gram Panchayats financially self-sufficient, the Cabinet on Thursday allowed the rural bodies to undertake activities with the available resources for generating earnings with the state government providing the gram panchayat five times the assistance amount. 'For example, if through activities like undertaking fish breeding in the existing ponds or through local markets, if Gram Sabha is able to earn Rs 10,000, then the government would provide them five times the amount,that is Rs 50,000, as assistance to enhance their earnings further. A maximum of Rs 5 lakh assistance based on the maximum Rs 1 lakh earning of the Gram Panchayat, would be provided by the government,' said Cabinet Minister Suresh Khanna.