Dairy Processing and Infrastructure Development Fund

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Dairy Processing and Infrastructure Development Fund (DIDF):

  • launched in December, 2017.
  • The scheme aims to benefit 95 lakh milk producers in 50000 villages.
  • This scheme will have total corpus of Rs. 10,881 Crore under which milk cooperatives will be provided financial assistance at the interest rate of 6.5% in the form of financial assistance loan of Rs. 8004 Crore, to be returned over a period of 10 years.
  • Government of India has also provided the provision of interest subsidy on loan. The budget estimate (BE) under DIDF for the FY 2019-20 is Rs. 60.87 Crore.
  • Supporting Dairy Cooperatives and Farmer Producer Organizations engaged in dairy activities: The scheme is being implemented by NDDB

Objectives:

  • To assist the State Dairy Cooperative Federations by providing soft working capital loan to tide over the crisis on account of severely adverse market conditions or natural calamities,
  • To provide stable market access to the dairy farmers,
  • To enable State Cooperative Dairy Federations to continue to make timely payment of dues to the farmers,
  • To enable the cooperatives to procure milk at a remunerative price from the farmers, even during the flush season.
  • The corpus was created for implementation during 2017-18 to 2019-20. o 2017-18 – No. fund was allocated.
  • 2018-19 – Rs. 3 Cr. o 2019-20 – Rs.100 Cr. (budgetary provision)
  • Note Union Ministry of Fisheries, Animal Husbandry & Dairying – Shri Giriraj Singh .

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