Guidelines and terms & conditions for the scheme ‘Providing financial assistance for infrastructure activities, skill development, trainings, extension activities and awareness programmes’
Activities for financial assistance
A. Funding for Infrastructure:
i. Modernization/ Expansion/ Creation of milk processing infrastructure
ii. Installation of Bulk Milk Coolers at village level
iii. Creation of Marketing infrastructure
iv. Activities for improvement in operational efficiency
v. Creation/expansion of Feed and feed supplement manufacturing infrastructure
vi. Infrastructure for manufacturing of dairy equipment, nutraceuticals/ biological/ vaccines etc.
The financial assistance will be by way of Interest Bearing Loan (IBL) as given in the table below:
|
No. |
Type of Borrower |
Details of Financial Assistance |
||
|
Borrower’s contribution |
NDDB Loan |
Rate of Interest (Floating) |
||
|
1 |
Dairy Cooperatives and Producer Companies |
Minimum 20% |
Maximum 80% |
Floating rate of interest* as communicated from time to time. |
|
2 |
NDDB Subsidiary Companies |
Minimum 20% |
Maximum 80% |
50 basis points higher than the rate applicable to Dairy Cooperatives. |
*Floating Interest Rate:
Effective from 1st April 2016: 8.75% per annum.
Effective from 1st April 2017: 8.25% per annum.
Circular - rate of interest for infrastucture projects
B. Funding for Training / Programmes:
i. Skill development
ii. Manpower training and extension activities
iii. Awareness programmes for milk producers as well as consumers
Financial assistance for the trainings/ programmes will be provided to Cooperative Milk Unions/ Federations and Milk Producer Companies. The financial assistance will be on case to case basis purely on merit. Funding will be in the form of grant Maximum of 50% of cost of approved training/programme.
Activities to be covered under each area of investment would be decided by NDDB, whose decision in the matter would be final.
PDFs