TheCabinetcleared the UPMilkDevelopment and Milk Production Promotion Policy 2022, paving the way for investments in the sector in the state and creation of about 1.25 lakh jobs.
The policy will be effective for five years from the time of notification. An official said that the government hopes to get investments of up to Rs 5,000 crore in the sector over the next five years. The plan is to increase the level of milk processing from the current 10% to 25% and increase the marketable surplus of processed milk from 44% to 65%.
A subsidy of 10% up to a maximum of Rs 5 crore will be given for setting up milk processing Plants, or Investment in plant, machinery, technical or civil work for the expansion of existing plants. A Rs 10 crore interest subsidy over five years will also be given. For the first time, the government will also give a subsidy of Rs 7.5 crore on setting up a cattle feed factory.
The Cabinet also cleared the Textile and Garment Policy 2022. The special aim of this policy is to attract investments of Rs 10,000 crore in the textile sector, creating jobs for 5 lakh persons, establishing apparel parks and ensuring an increase of about 50% in the income of weavers.
Under the policy, a 25% subsidy up to a maximum of Rs 100 crore will be given on investments in plants and machinery for textile and garments units. An additional subsidy of 5% will be given to units that are set up inMandhyanchaland 10% to those set up in Purvanchal and Bundelkhand.