Rs 1400 crore boost to dairy entrepreneurship

New Delhi, Dec 13 (KNN)  In an effort to generate self-employment opportunities in dairy industry, the government will provide Rs 1400 crore for enhancement of milk production, procurement and other infrastructure required for the sector.

The decision to give a boost to the employment oriented dairy sector was taken by the Cabinet Committee on Economic Affairs (CCEA).

“The Cabinet Committee on Economic Affairs (CCEA) has approved modification and continuation of the Dairy Entrepreneurship Development Scheme (DEDS) during the 12th Plan with an outlay of Rs 1400 crore covering activities such as enhancement of milk production, procurement, preservation, transportation, processing and marketing of milk,” said an official release.

The funding pattern comprises entrepreneurship contribution, back ended capital subsidy and bank loan.

The objectives of DEDS are to generate self-employment and provide infrastructure for dairy sector, set up modem dairy farms and infrastructure for production of clean milk, encourage heifer calf rearing for conservation and development of good breeding stock, bring structural changes in the unorganised sector, upgrade traditional technology to handle milk on commercial scale, provide value addition to milk through processing and production of milk products.

Under the DEDS, an amount of Rs 552.19 crore has been released as back ended capital subsidy to the beneficiaries for establishment of 1,50,908 dairy units upto September 2013. 

The National Bank for Agriculture and Rural Development (NABARD) will be the nodal agency for implementation of the scheme.

The bank will implement the scheme through all scheduled commercial banks, regional rural and urban banks, state cooperative banks, state cooperative agriculture and rural development banks and such other institutions, which are eligible for refinance from it.

The proposals will be sanctioned by the banks as per guidelines of RBI, NABARD and the government. The eligible beneficiaries of the scheme will be entities like agricultural farmers, individual entrepreneurs, self-help groups, dairy cooperative societies, milk unions, milk federation and panchayati raj institutions (PRls).

The scheme will be implemented across the country and cover all sections of society including women, the landless and small and marginal farmers in rural and urban areas.