Current Affairs Question No. 7755

The Dairy Processing and Infrastructure Development Fund will be set up by the which organisation to boost financing of milk processing capacities?
[A] Indian Dairy Association (IDA)
[B] Food Safety and Standards Authority of India (FSSAI)
[C] National Dairy Development Board (NDDB)
[D] National Bank for Agriculture and Rural Development (NABARD)

National Bank for Agriculture and Rural Development (NABARD)
As per Union Budget 2017, the Dairy Infrastructure Development Fund of Rs.8000 crore will be created over next three years with National Bank for Agriculture and Rural Development (NABARD) to boost financing of milk processing capacities. For the first year, the Union Government has declared to give Rs 2000 crore for creation of the fund. With this, the NABARD fund would allow cooperatives to access low cost loan for meeting the expenses towards modernization and ensure supply of quality milk conforming to the Food Safety and Standards Authority of India (FSSAI) standards to the consumers.

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