Govt launches dairy sector fund with an outlay of Rs 10881 cr
14/09/2018 17:11

Union Minister of Agriculture and Farmers’ Welfare Radha Mohan Singh on Thursday launched Dairy Processing & Infrastructure Development Fund with an outlay of Rs 10881 crore.

The Minister said that vast opportunities exist for dairy entrepreneurs and in order to concretize these opportunities and help double the income of dairy farmers, Rs 51,077 crore is needed to operationalize the National Action Plan (Vision-2024).

Speaking at the inauguration ceremony of Dairy Processing & Infrastructure Development Fund (DIDF) in New Delhi, the Minister said that as a result of the announcement of Union Budget 2017-18, the Department of Animal Husbandry, Dairying and Fisheries (DADF) started the Dairy Processing & Infrastructure Development Fund (DIDF) with an outlay of Rs 10881 crore. Under this, the first installment of Rs 440 crore is being given to the National Dairy Development Board (NDDB).

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.

Singh informed that implementation of the World Bank-funded National Dairy Plan Phase-I scheme is also being done by the NDDB through the state government’s cooperative milk organizations/milk federations. The government is now implementing this scheme in 18 states from the earlier 14 states.