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Giriraj meets finance minister to discuss package for livestock industry

Press Trust of India  |  New Delhi 

Union Minister Giriraj Singh on Friday held discussions with Finance Minister Nirmala Sitharaman about a relief package, including restructuring of loans, for livestock industry in the wake of the coronavirus spread in the country and the potential losses it can have on the industry.

"Livestock industry has been hit badly because of the coronavirus outbreak. We discussed various kinds of measures, including loan restructuring, that can help people engaged in this sector," Singh, who is Minister of Animal Husbandry, Fisheries and Dairying, told reporters here after the meeting.

Indian poultry industry is alone worth Rs 1.5 lakh crore. More than 10 lakh small farmers are directly engaged in the poultry industry, while crores of people are indirectly dependent on this sector, he said.

"All issues were discussed in details. The finance minister gave a positive response. Hopefully, positive steps will be taken...," he added.

Earlier, Singh had said that poultry industry is suffering huge losses due to fall in prices and demand because of social media rumours that consumption of eggs and chicken was a cause for spread of coronavirus.

Prime Minister Narendra Modi on Thursday announced setting up of a 'COVID-19 Economic Response Task Force' to decide on relief package for sectors hit by the coronavirus outbreak.

The Finance Ministry is yet to constitute the task force and an internal meeting is slated to take place on Saturday.

Sitharaman also held separate meetings with ministers and officials of civil aviation, tourism and MSME ministries to take stock of the situation following the coronavirus outbreak.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 20 2020. 21:24 IST
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