Eligibility Criteria for the Participating Agencies
Eligible Organizations
Producers’ Owned Institutions (POIs) such as Milk Federations, Milk Unions, Farmer owned/Milk Producer Companies – termed as Participating Agencies (PA) under the scheme.
Eligibility Criteria for the Participating Agencies
- PA should have a sanctioned loan / facility for working capital borrowing (including cash credit facility) from any Scheduled Commercial Banks/ Regional Rural Banks / Cooperative Banks / Financial Institutions (FI) for meeting the working capital requirement during the operational period of the scheme.
- PA must be regular in repayment of loans and interest servicing to Financing Institution and has to first repay the loan installments, to avail the benefits under the scheme.
- Interest subvention shall be provided for the outstanding working capital loan between 1st April 2023 and 31st March 2024.
- Interests subvention shall be provided on back ended basis every month by NDDB to PA Bank Account with the FI after verifying the claim.
- PA should pay back the procurement price to farmers on a regular basis and should be able to submit proof of that.
- PA should agree to provide monthly reports with day-wise details on opening, addition, reduction and closing balance of conserved commodities and such milk processing / operations reports as required by NDDB.
Products covered: Four conserved commodities – Skimmed Milk Powder (SMP), Whole Milk Powder (WMP), White Butter and Ghee.