- 44% more for Department of Animal Husbandry & Dairying.
- 20 cheap steroids for sale billion allocated for Livestock Health and Disease Control.
- Farm Credit Target increased to 18 lakh crores.
The 2022 Union budget was much awaited, and it was expected to draw its roots deeper into flourishing the primary sector of the economy. Earlier in 2021, the economy faced a downhill due to pandemics, and many entrepreneurs and startups came forward to deliver their finesse in Agritech.
Brief Scenario of Budget 2022 in Poultry Industry
The Union Budget gave dim attention to the poultry industry and highlighted that the poultry industry contributes up to 4.1% to the GDP. The allocation under Livestock Health and Disease Control programme was increased in Union Budget 2022 to 20 billion for 2022-23. This can help the government focus on livestock betterment, increasing productivity in the poultry sector.
The Union Budget, presented by Finance Minister Nirmala Sitharaman, also prioritized the poultry and livestock sector by allocating an increase of 44%, estimated to Rs. 6407.31 Crore for Ministry of Fisheries, Animal Husbandry and Dairy. The budget focused on helping farmers and poultry owners by giving extensions in the farm credit for the year 2022-2023. The farm credit target has also increased from Rs. 16.5 lakh crore to Rs. 18 lakh crore.
What benefits can the industry gain through Budget 2022?
- The poultry owners and industry can gain more credit from the banks, which can be disbursed to livestock and poultry farmers.
- Better loan provision facilities from government, private and co-operative banks for industries engaged in Agri-tech and poultry farming sector.
- Better and decreased interest rates for the primary sector
- Disbursement of finance for technology-oriented poultry farming
How can Budget 2022 shape industrial profit?
- The poultry industry can dive deeper into intensive and free-range poultry farming through automated access control systems and environmentally controlled & prefabricated houses.
- The scope for layer farming can also be increased by installing egg processing units and investing in egg graders.
- The free flow of finance in the Poultry industry can also enable poultry health monitoring devices to keep track of poultry health and prevent the spread of diseases.
- The usage of the battery cage method can be adopted, which will decrease the labour cost and prevent the risk of infection.
- The boosting of warehousing facilities as presented in the budget can increase the cold storage of poultry meat.
- Then, the frozen food poultry industry can gain a high-profit margin due to increased cold storage facilities at subsidized rates.
The exports of poultry meat and eggs can also be increased due to storage facilities.
How can Poultry companies increase production?
Industry owners can avail feed supplements to producers like probiotics, vitamins, minerals, amino acids, mould inhibitors, enzymes, preservatives, coccidiostats, and antioxidants to increase the nutritional value and production. The company can invest in buying Biotechnological and immunological tools combined with breeding methods to develop robust stocks with a higher production level.
Private sector and government collaboration
The government has focused its shift on engaging with the private parties for technological advances, which will boost productivity and efficiency. This will lead to revolutionizing and increasing the supply of poultry products and will also enhance profits for producers. This will push the production and harness overall growth and development in the poultry sector. The private sector can take significant advantage of the schemes brought forward by the government. This will not only provide a higher profit to poultry owners but will also will lead to better government infrastructure for production, storage, and distribution which can sustainably endeavour business.
National action plan
The Department of Animal Husbandry, Dairying & Fisheries has also provided a National action plan for 2022 to benefit the poultry industry.
The national action plan focuses on increasing the production of the Poultry industry to meet the domestic demand and increase the export of the poultry sector globally. The exports in the poultry sector can lead to a higher gain in foreign exchange, thereby strengthening India’s Economy.
The domestic demand for broiler productions and supply has also increased. The budget has given a chance for broiler productions to be commercially profitable in rural and urban lands. Due to the higher allocation of the amount, steps can be taken to industrialize the production units.
Where can the budget money be allocated?
The necessity for the poultry industry lies in infrastructural needs. Some modern upgrades can also be provided, such as Chain-feeders, automated public access control systems, Air Quality Monitor, Remote Access Livestock Monitoring that can ensure nutritional and disease-free poultry production. The budget allocation money can be used in many ways beneficial to every state, which can not only help our economy at large but will also help develop the country within.
By Siddhi Gupta,
Co-editor,
Pixie Consultancy Services Ltd.
