NCDC Dairy Sahakar Scheme has been launched by honourable Union Minister Amit Shah in Gujarat. This scheme of National Cooperative Development Corporation aims at doubling farmer’s income by 2022 and make India self reliant. Dairy Sahakar Yojna aims to realize the vision of “from cooperation to prosperity”. In this article, we will tell you about the complete details of Dairy Sahakar Yojana including activities covered, objectives, eligibility criteria, loan period, rate of interest etc.
What is NCDC Dairy Sahakar Scheme 2021
In this Dairy Sahakar Yojana, financial support will be extended by NCDC to the eligible cooperatives for the following activities:-
- Bovine development
- Milk procurement
- Processing of milk and milk products
- Quality assurance for milk and its products
- Value addition of milk and milk products
- Branding of milk and milk products
- Packaging of milk and milk products
- Marketing of milk and milk products
- Transportation of milk and milk products
- Storage of milk and milk products
- Exports of dairy products
It comes with the overall objectives of Doubling the farmers income and Atmanirbhar Bharat. With the Dairy Sahakar Scheme 2021, the central government wants to contain co-operatives in creating dairy infrastructure. In this scheme, the NCDC body of the Union govt. will give loans totalling to Rs. 5,000 crore to potential cooperatives to strengthen dairy sector. In this article, we are going to tell you about the complete details of the Dairy Sahakar Scheme 2021.
Objectives of Dairy Sahakar Scheme
The main objectives of Dairy Sahakar Scheme are as follows:-
- To assist provision of holistic animal husbandry and dairy sector development through dairy facilities by cooperative societies,
- To assist promotion of dairy facilities by cooperative societies.
- To assist cooperative societies meet the objectives of growth in dairy sector.
- To assist cooperative societies participate in the Dairy Sector Development Mission.
Activities Covered in NCDC Dairy Sahakar Yojana
A) Infrastructure – This scheme would enable creation, modernization, expansion, repairs, renovation of dairy infrastructure covering all types as mentioned above.
B) Margin money for raising working capital required for day-to-day operations in respect of those mentioned above.
C) Working capital for day-to-day operations.
Eligibility Criteria for Dairy Sahakar Scheme
Any Cooperative Society registered under any State/ Multi State Cooperative Societies Act in the country, with suitable provision in the bye-laws to undertake services related to dairy sector, shall be eligible for the financial assistance subject to fulfilment of guidelines under the scheme.
NCDC assistance shall be provided either through the State Governments/ UT Administrations or directly to the cooperatives which fulfil NCDC Direct Funding guidelines. Dovetailing with other schemes or programmes of Government of India/ State Government/ Other funding Agency is permitted.
As per actual requirement.
Loan Period of NCDC Dairy Sahakar Scheme
Period of loan will be for 8 years, including 1-2 years moratorium on repayment of principal, depending on the type of project and its ability to generate revenue.
Rate of Interest in Dairy Sahakar Yojana
As per NCDC circular for interest rate as amended from time to time. As an incentive, NCDC will provide 1% less than applicable rate of interest on term loan for the project activities in case of borrower cooperative society where women members are in majority for the entire tenure of the loan only if timely repayments are made.
NCDC Role in Funding Cooperatives
The National Cooperative Development Corporation (NCDC) is a statutory Corporation set up under an Act of Indian Parliament on 13 March 1963. Till date, NCDC has financed numerous cooperative initiatives aggregating Rs. 1.57 lakh crore. When it was setup, the primary objectives of NCDC were to plan and promote programmes for the following things:-
- Import of agricultural produce
- Industrial goods
- Certain other notified commodities
- Services on cooperative principles
Now the NCDC will focus on financing cooperatives which is a need of the hour in the time of Coronavirus.
Inspiration for Dairy Sahakar Scheme 2021
The inspiration for the Dairy Sahakar Scheme comes from what the successful cooperatives have done in dairy sector.
For more details, visit the official website at https://www.ncdc.in/