Prime Minister Narendra Modi Wednesday hailed the Cabinet decision to revise and realign schemes of the Department of Animal Husbandry and Dairying, saying the move sets the tone for the sector's transformation and benefit lakhs of people associated with it.
The prime minister's remarks came after the Centre decided to revise the schemes and implement them as part of the special livestock sector package over the next five years starting this fiscal in a bid to leverage an investment of Rs 54,618 crore.
The decision was taken in the meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Modi.
"The sectors of dairy and animal husbandry are very close to my heart. Today's Cabinet decision sets the tone for the sector''s transformation. Lakhs of people associated with this sector will gain," PM Modi tweeted.
The package envisages the central government's support amounting to Rs 9,800 crore over the duration of five years for leveraging a total investment of Rs 54,618 crore, according to an official statement.
PM Modi also lauded the Cabinet decision approving a scheme to provide Rs 1,624 crore over five years as subsidy to Indian shipping companies in global tenders floated by ministries and CPSEs for import of government cargo.