Lucknow, Oct 27 (HS): The Uttar Pradesh

Cabinet, chaired by Chief Minister Yogi Adityanath, approved 22 proposals on

Tuesday. Special emphasis was placed on proposals related to strengthening the

livestock sector, increasing farmers' income, and creating employment

opportunities. The cabinet was informed that Uttar Pradesh ranks first in the

country in milk production. Furthermore, the state also holds strong positions

in the areas of eggs, wool, and fisheries. However, these sectors need to

improve value addition, digital management, and organized market systems.

Emphasis on increasing farmers' income

through animal husbandry: The government aims to make animal husbandry a major

source of income for farmers. To this end, the State Lab Startup Mission has

been proposed. The mission will focus on job creation, entrepreneurship

development, increasing animal productivity, and providing markets for animal

products.

The plan also includes provisions for

promoting high-quality livestock and improving cow breeds. The goal is to

increase milk production to 10 liters per cow per day. Additionally, assistance

is also proposed to encourage poultry and goat rearing.

The government will provide 85% of the

amount for animal insurance: According to the proposal, livestock will be

insured in addition to providing financial assistance to livestock owners. The

government will bear 85 percent of the total insurance cost, and farmers will

bear 15 percent. The scheme provides for a subsidy of Rs. 50,000 per cow. The

government's objective is to increase farmers' incomes through modern

technology, improved breeds, and market systems in the animal husbandry sector,

and to create new employment opportunities in rural areas.

Stamp duty provisions on merger and

de-merger of companies in UP: A proposal related to stamp duty has been

prepared to simplify the process of mergers and de-mergers of companies in

Uttar Pradesh. Stamp Minister Ravindra Jaiswal stated that until now, there was

no clear stamp duty provision for mergers and de-mergers in the state. This led

to confusion and financial difficulties for entrepreneurs during the process.

According to the minister, the proposal

provides for a 0.50 percent stamp duty on the share value in a company merger

or de-merger. If property is involved, a 2 percent stamp duty is proposed.

After the company is registered and the Registrar of Companies (ROC) process is

completed, stamp duty will be paid based on the share value.

The problem of duty will be solved on the

basis of circle rate: Ravindra Jaiswal said that due to the lack of clear

rules, stamp duty equal to the circle rate was often demanded. This created

difficulties for entrepreneurs during company mergers. The proposal is expected

to bring clarity to processes such as the merger of two companies into one.

The minister stated that such a provision

exists in Gujarat and Maharashtra. Steps have been taken to implement it in

Uttar Pradesh as well. He added that since the subject of stamp duty is

included in the Concurrent List, the proposal will be sent to the central

government for approval. Once approved, the process of implementing it in the

state will proceed.

Hindusthan Samachar / Abhishek Awasthi