20 Dec 2013

Approval for modification and continuation of Dairy Entrepreneurship Development Scheme during the remaining period of 12th Plan

The Cabinet Committee on Economic Affairs
The Cabinet Committee on Economic Affairs has approved modification and continuation of the Dairy Entrepreneurship Development Scheme (DEDS) during the 12th Plan with an outlay of Rs.1400 crore to generate self employment opportunities in the dairy sector, covering activities such as enhancement of milk production, procurement, preservation, transportation, processing and marketing of milk. 

The funding Pattern will be as follows: 

a) Entrepreneur contribution (Margin) -10% of project cost (Minimum) 

b) Back ended capital subsidy @ 25% of the project cost for general category and @ 33.33 % for SC/ST farmers. The component-wise subsidy ceiling will be subject to indicative cost arrived at by NABARD from time to time. 

c) Bank Loan - Balance portion. 

The objectives of "DEDS" are to generate self-employment and provide infrastructure for dairy sector, set up modem dairy farms and infrastructure for production of clean milk, encourage heifer calf rearing for conservation and development of good breeding stock, bring structural changes in the unorganized sector (so that initial processing of milk can be taken up at the village level), upgrade traditional technology to handle milk on commercial scale, and provide value addition to milk through processing and production of milk products. 

Since inception of the DEDS scheme (01.09.2010) an amount of Rs 552.19 crore has released as back ended capital subsidy to the beneficiaries for establishment of 1,50,908 dairy units upto 30.09.2013. 

The National Bank for Agriculture and Rural Development (NABARD) will be the nodal agency for implementation of the scheme. NABARD will implement the scheme through all Scheduled Commercial Banks, Regional Rural and Urban Banks, State Cooperative Banks, State Cooperative Agriculture and Rural Development Banks and such other institutions, which are eligible for refinance from NABARD. 

The proposals will be sanctioned by the banks as per guidelines of RBI, NABARD and Government of India. The eligible beneficiaries of the scheme will be agricultural farmers, individual entrepreneurs, self-help groups, dairy cooperative societies, milk unions, milk federation, panchyati raj institutions (PRls) etc. 

The scheme will be implemented throughout the country and cover all sections of society including women, the landless and small and marginal farmers in rural and urban areas. 

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