DIDF scheme to play major role in dream to build New India: NDDB chairman

  • | Friday | 19th January, 2018

VADODARA: Dilip Rath , the chairman of the National Dairy Development Board ( NDDB ) on Thursday inaugurated a workshop on 'Dairy Processing and Infrastructure Development Fund ( DIDF )' scheme at Dr Kurien Auditorium in milk city Anand.Rath also launched a web page on the DIDF scheme. The workshop which was organised to sensitise stakeholders on various aspects of DIDF scheme , witnessed presence of secretaries of animal husbandry and dairy development of state governments, managing directors of milk federations, CEOs of milk unions, officials of NABARD and those from NDDB and its subsidiaries. "As we are moving towards celebrating 75 years of Independence in 2021-22, we have to work shoulder to shoulder in a mission mode to achieve our collective dream of building New India . DIDF scheme will definitely play a major role in achieving these goals," he said.In the union budget 2017-18, the Centre had announced creation of DIDF to support dairy cooperatives for modernisation and creation of additional processing infrastructure.The fund has been approved with a total outlay of Rs 10,881 crore during the period from 2017-18 to 2028-29. This will enable end borrowers to avail loan at a concessional interest rate of 6.5 % per annum and invest this money towards upgrading existing infrastructure or create new ones.NDDB as one of the implementing agency will implement the scheme through milk cooperatives and producer companies.

VADODARA: Dilip Rath , the chairman of the National Dairy Development Board ( NDDB ) on Thursday inaugurated a workshop on 'Dairy Processing and Infrastructure Development Fund ( DIDF )' scheme at Dr Kurien Auditorium in milk city Anand.Rath also launched a web page on the DIDF scheme. The workshop which was organised to sensitise stakeholders on various aspects of DIDF scheme , witnessed presence of secretaries of animal husbandry and dairy development of state governments, managing directors of milk federations, CEOs of milk unions, officials of NABARD and those from NDDB and its subsidiaries."As we are moving towards celebrating 75 years of Independence in 2021-22, we have to work shoulder to shoulder in a mission mode to achieve our collective dream of building New India . DIDF scheme will definitely play a major role in achieving these goals," he said.In the union budget 2017-18, the Centre had announced creation of DIDF to support dairy cooperatives for modernisation and creation of additional processing infrastructure.The fund has been approved with a total outlay of Rs 10,881 crore during the period from 2017-18 to 2028-29. Out of the total outlay, Rs 8,004 crore will be setup as a corpus with National Bank for Agriculture and Rural Development (NABARD).While the amount will be passed as a loan to NDDB and National Cooperative Development Cooperation (NCDC), Rs 2,001 crore shall be end borrowers contribution, Rs 12 crore will be NDDB/NCDC's share and Rs 864 crore shall be contributed by DADF towards interest subvention.The amount for interest subvention will be released to NABARD by DADF over a period of 12 years covering the entire loan repayment period from 2017-18 to 2028-29. This will enable end borrowers to avail loan at a concessional interest rate of 6.5 % per annum and invest this money towards upgrading existing infrastructure or create new ones.NDDB as one of the implementing agency will implement the scheme through milk cooperatives and producer companies.

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