"The funding period (2017-18 to 2019-20) of the scheme is revised to 2018-19 to 2022-23 and the repayment period to be extended up to 2030-31 with spillover to first quarter of the FY 2031-32," said the statement.
The move would benefit 9.5 million milk producers spread over 50,000 villages.
The cabinet has also approved the second phase of Swachh Bharat Mission (Rural), Prime Minister Narendra Modi's pet project focussed on sustainability of open defecation free (ODF) and management of solid and liquid waste. The second phase will be implemented on a mission mode between 2020-21 and 2024-25 with an estimated central and state budget of Rs 52,497 crore, the Jal Shakti Ministry said in a statement.
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