J&K Poultry Policy framed, Rs 50 Cr subsidy announced for broiler/layer farms, allied activities - KhabarBat™

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J&K Poultry Policy framed, Rs 50 Cr subsidy announced for broiler/layer farms, allied activities

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Jammu and Kashmir:
The Government of Union Territory of Jammu and Kashmir has launched J&K Poultry Policy, 2020/Operational Guidelines to promote establishment of poultry units in the region and announced a dedicated UT allocation of Rs. 50 crore as subsidy per annum for establishment of broiler/layer farms and other allied activities.
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The Policy is expected to create employment avenues for youth and shall be a big step for making the UT self-sufficient in poultry production besides supplementing income of farmers.
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It will curtail the annual import bill of approximately 900 crore spent on importing poultry and its products from outside the UT. All new farmers, Individual entrepreneurs, NGOs, Companies/Cooperatives, Groups of unorganized and organized sectors which include Self Help Groups (SHGs), Joint Liability Groups (JLGs) etc are eligible to avail benefits under the scheme. Commercial layer/broiler farms with rearing capacity of more than 10000 birds per unit will be provided capital investment incentive for access to credit @ 30% of the investment in plant and machinery (Farm automation/ equipment) with an upper limit of Rs 50.00 lakh.
Besides, commercial layer/broiler farms with rearing capacity of more than 10000 birds anywhere in J&K will be given an interest incentive @3% on working capital credit.
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