Milk co-ops to get up to 4% interest subsidy on working capital

To enable milk co-operatives and farmer-owned milk producer providers (FPCs) having difficulties with excessive milk provide next restricted procurement by personal dairies, the authorities on Thursday declared a ₹100-crore interest subvention scheme on doing the job money.

The scheme declared by the Ministry of Fisheries, Animal Husbandry and Dairying will be operated via Countrywide Dairy Growth Board and enable dairies convert the surplus amount of milk into superior shelf-value items such as milk powder, white butter, ghee and UHT milk, an official statement stated.

These types of conversion into superior shelf-daily life items resulted in blockage of resources and brought on issues in payment to the farmers. Owing to lower in demand for superior-value items like ice-product, flavoured milk, ghee, and cheese and also for curd and cottage cheese, dairies are struggling with intense strains.

The scheme presents for interest subvention of two for each cent for each annum, with

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