NABARD approves credit plan for rearing Yak Husbandry

National Bank for Agriculture and Rural Development (NABARD) approved a credit plan on September 28, 2021 for yak husbandry in Arunachal Pradesh.

Key facts

  • This credit plan for yak husbandry will help herders in securing loans for strengthening their livelihoods.
  • This scheme was developed by “National Research Centre on Yak (NRCY)” located at Dirang in West Kameng district of Arunachal Pradesh.
  • NRCY works under the Indian Council of Agricultural Research.

Significance of the scheme

The credit plan started by NABARD for yak husbandry was found to be feasible in extending advances with the held commercial banks. The credit plan by NABARD has been included in potential linked credit plans (PLCP) of Tawang, West Kameng and Shi Yomi districts of Arunachal Pradesh. This credit plan will boost the livelihood of herders in the state.

About Yak

Yak is one among the most prized animals in Himalayan region because of its multifarious roles in strengthening nutritional security by providing milk and meat. The animal also provides shelter and clothing through its fibres. It is also used as a beast of burden.

Concerns with Yak Population

In past few decades country has witnessed a decline in Yak population. Yak population has declined because of inbreeding and unscientific farming practices. Furthermore, the disillusionment of younger generation because of hardship of yak rearing is one of the major reasons of mass desertions from Yak rearing occupation. The credit scheme by NABARD will help in curbing the reducing trend of yak population. Credit plan will also facilitate profitable farming by promoting entrepreneurship.

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