Cabinet approves Rs 10,881 crore “Dairy Processing & Infrastructure Development Fund”

TNPSC Current Affairs - September 2017 by TNPSC Guru

The Union Cabinet committee on Economic Affairs has given its nod for Dairy processing & Infrastructure Development fund (DIDF) with a sum of Rs 10,881 crore for period from 2017-18 to 2028-29. It will help to build efficient milk procurement system and other processing infrastructure

About DIDF: 

DIDF will put effort on efficient milk procurement system and other processing infrastructure  by setting up of chilling infrastructure and installation of electronic milk adulteration testing equipment.

It also focuses on expansion of processing infrastructure and manufacturing faculties for Value Added Products for the Milk Union or Milk Producer Companies.

Implementation. 

• It is implemented by National Dairy Development Board (NDDB) and National Dairy Development Cooperation (NCDC) directly through the End Borrowers.
• The End borrowers like Milk Union, State dairy federation, Milk cooperatives , Milk Producer companies will get the loan @ 6.5 % per annum and repayment will be 10 years with initial 2 years moratorium.
• State Government will be the guarantor of loan repayment if the borrowers fail to repay.

Benefits: 

It will benefit 95,00,000 farmers and create direct and indirect employment opportunities.

Also creation of additionally milk processing capacity of 126 lakh liter per day, then Milk drying capacity of 210 MT /day, 140lakh liter/day of milk Chilling capacity, 28000 milk coolers with electronic adulteration testing equipment and value added products manufacturing capacity of 59.78lakh liter per day of Milk.