As part of the National Action Plan (Vision-2024) of Ministry of Agriculture to double the income of dairy farmers, the government has set up a dedicated Dairy Processing & Infrastructure Development Fund (DIDF) with an outlay of Rs 10881 crore. Under this programme, the National Dairy Development Board (NDDB) was given Rs 440 crore recently.
Speaking on the occasion, Minister of Agriculture and Farmers’ Welfare Radha Mohan Singh said that DIDF is meant to benefit 95,00,000 farmers in about 50,000 villages across the country. 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 will also 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. Till now, 15 sub-projects with total approved outlay of Rs 1148.61 crore in different states – Karnataka (Rs. 776.39 crore – 5 sub-projects), Punjab (Rs.318.01 crores – 4 sub-projects) and Haryana (Rs. 54.21 crore – 6 sub-projects) – have been sanctioned.