NABARD scheme to hike credit for dairy sector to Rs 300 crore

In a major step to boost dairy sector in Punjab,the National Bank for Agriculture and Rural Development (NBARD) on Thursday launched a comprehensive area-based scheme on dairy development expecting to increase bank credit five times to Rs 300 crore this year as compared to Rs 60 crore last year.

Written by Express News Service

Ludhiana | August 24, 2012 03:26 AM IST

1 min read

In a major step to boost dairy sector in Punjab,the National Bank for Agriculture and Rural Development (NBARD) on Thursday launched a comprehensive area-based scheme on

dairy development expecting to increase bank credit five times to Rs 300 crore this year as compared to Rs 60 crore last year.

The scheme,which attempts to take all stakeholders from dairy farmers,milk plants,self-help groups,research institutes,private sector to administration on board,was launched at the Central Institute of Post-Harvest Engineering and Technology (CIPHET). For ensuring the success of the scheme,a committee headed by principal secretary with members from departments of animal husbandry,dairy development and fisheries would be monitoring the scheme at the state level. At district level,the scheme would be monitored under a committee headed by Additional Deputy Commission (D).

Announcing the launch of the scheme from Ludhiana,NABARD chief general manager Krishan Jindal said the scheme would specially benefit small- and medium-size dairy farmers.

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Animal Husbandry