Other initiatives

• With a recent initiative of Indian Council of Agricultural Research (Icar)-national Research Centre, Arunachal Pradesh and NABARD, banks have come forward showing interest in giving loans to yak farmers as well as others willing to earn a livelihood through the farming of the bovine species.

• A dedicated fund has been created namely the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total of Rs 7522.48 crore to address the infrastructure requirement for the fisheries sector. FIDF was created in order to achieve 20 million tonnes of fish production by 2022-23.

• The Department of Animal Husbandry & Dairying (DAHD), Government of India, with a view to provide dedicated focus towards promoting & facilitating investments in the Indian Dairy sector, has set up a Dairy Investment Accelerator under its Investment Facilitation Cell. This Investment Accelerator is a cross functional team constituted to serve as the interface with investors.

• Micro Irrigation Fund with a corpus of Rs 5000 crore created with NABARD was operationalised in 2019-20. The objective of the Fund is to facilitate the States in availing an interest subvented loan for expanding coverage of Micro Irrigation by taking up special and innovative projects and also for incentivising micro irrigation beyond the provisions available under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)-PER Drop More Crop to encourage farmers to install micro irrigation systems.

• NABARD disbursed Rs 1,30,964 crore and Rs 92,786 crore for supporting Short Term and Long-term financing by banks, respectively, during the year 2020-21.

• The potential linked credit plan, prepared by the NABARD, will project a credit potential of Rs 6343.51 crore in Pudukottai district, Tamil Nadu during 2022-23. The potential for credit flow has been assessed at Rs 6343.51 crore as against Rs 5918 crore during 202122, reflecting an increase of 7.2 per cent.