New Scheme for Diary Sector: GoI subsidizes interest rates on working capital

On May 14, 2020, the Government of India launched a new scheme for the diary sector. The scheme has introduced Interest Subvention on Working Capital to support Diary Cooperatives and FPO (Farmer Producer Organization). Key Features The scheme intends to modernize existing milk processing units. It will also enhance the milk processing capacity of the ..

Month: Current Affairs - May, 2020

Category: India Nation & States Current Affairs

Topics: Cooperative Enterprise • Cooperatives • Dairy Industry • Dairy Processing • Farmer Producer Organisation • milk production • National Dairy Development Board

CCEA approves Dairy Processing & Infrastructure Development Fund

The Cabinet Committee on Economic Affairs (CCEA) approved Dairy Processing & Infrastructure Development Fund (DIDF) Scheme with an outlay of Rs 10,881 crore to boost dairy sector. It will be managed by National Dairy Development Board (NDDB) and shall be implemented from 2017-18 to 2028-29. Initially, Rs.8,004 crore loan will be provided by NABARD to ..

Month: Current Affairs - September, 2017

Topics: Agriculture • Cabinet Decisions • CCEA • Dairy Industry • Dairy Processing • Dairy Processing & Infrastructure Development Fund • NABARD • NDDB • NDDC