The cow, with its milk, curd and buttermilk, has nourished the children of the country.
"We cannot repay the debt of cow's milk. Cow is an important element of India's tradition and culture," Modi said.
For the welfare of the animal, Modi said his government had taken several steps, including the Rashtriya Gokul Mission, to improve the health of cows.
He said his government had also decided to establish a 'Rashtriya Kamdhenu Aayog' with an allocation of Rs 500 crore in the last Interim Budget.
Just like farmers, cattle rearers can also avail loans through Kisan Credit Card worth Rs 3 lakh.
"This loan has helped cattle rearers a lot. This will be a crucial step in boosting the dairy industry in the country."
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)