To meet the growing demand for milk, the government is working on a series of proposals to further liberalize the dairy sector and encourage entrepreneurs from the private sector. Officials said the department of animal husbandry, dairy and fisheries is expected to grant priority sector lending status to the dairy sector, even for a more than Rs 1 crore loan.
“Considering that the requirement of milk in 2021-22 is expected to be 180mt, production must increase at around 5.5% per annum for the next 12 years. If it fails to do so, India may need to resort to imports from the world market,” said the government’s economic survey.
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