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Atmanirbhar Bharat: Interest subvention to ease working capital crisis in dairy sector, says NDDB

Jannie Delucca

The most current announcements less than the Atmanirbhar Bharat Abhiyaan will enable simplicity out the doing the job cash crisis for handling surplus milk and enable timely payment to farmers, the apex dairy human body Nationwide Dairy Growth Board (NDDB) mentioned welcoming the announcements manufactured by the Union Finance Minister Nirmala Sitharaman on Friday.

To offset the economic influence of Covid -19 and the lockdown, on the dairy sector, the Govt introduced a new scheme “Desire subvention on Performing Capital Financial loans for dairy sector” for Supporting Dairy Cooperatives and Farmer Producer Organizations engaged in dairy things to do (SDC&FPO).

Dilip Rath, Chairman, NDDB welcomed the support provided to the dairy sector to mitigate the hardship of dairy farmers less than Primary Minister Narendra Modi’s Atmanirbhar Bharat Abhiyaan.

The most current scheme delivers desire subvention of 2 per cent per annum, with an additional incentive of 2per cent per annum

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