Login With Google
Dairy Processing & Infrastructure Development Fund
Why in the news ?
- Given the vast opportunities exist today for dairy entrepreneurs and in order to concretize these opportunities and help double the income of dairy farmers, Rs 51,077 crore, government launched the Dairy Processing & Infrastructure Development Fund (DIDF).
Details
- The new scheme is a result of the announcement of Union Budget 2017-18, that the Department of Animal Husbandry, Dairying and Fisheries (DADF) started the Dairy Processing & Infrastructure Development Fund (DIDF) with an outlay of Rs 10881 crore.
- The Union Agriculture Minister said that with this scheme, 95,00,000 farmers in about 50,000 villages will be benefitted.
- In addition to this, many skilled, semi-skilled and unskilled workers will get employment, directly and indirectly.
- Additional milk processing capacity of 126 lakh litre per day, milk drying capacity of 210 MT per day, milk chilling capacity of 140 lakh litre per day shall be created.
- Under this scheme, milk cooperatives will be provided financial assistance of Rs 8004 crore in the form of a loan at 6.5% interest, which will be reimbursed over a period of 10 years.
- The government has also given a provision of interest subsidy on loans.
Source
PIB