PREVIOUS
✖
Revision of interest subvention - DIDF
February 24 , 2020
1656 days
722
0
- The Cabinet Committee on Economic Affairs recently approved its revision of interest subvention rates from 2% to 2.5% per annum.
- This is being done under Dairy Processing and Infrastructure Development Fund (DIDF).
- Under the DIDF, GoI will now provide interest subvention up to 2.5% to NABARD till 2030.
- This shall enable NABARD in devising its own strategy of borrowing.
- In turn, it will be able to provide low cost of funds to milk unions.
DIDF scheme
- The DIDF Scheme was announced in Union Budget 2017-18 by the Ministry of Finance.
- The scheme is implemented by the Department of Animal Husbandry, Dairying and Fisheries (DADF).
- Under the scheme DIDF considerable amount is contributed by NABARD to the
- National Diary Development Board and
- National Cooperative Development Corporation.
Leave a Reply
Your Comment is awaiting moderation.