The government on Wednesday approved a Rs 4,558-crore scheme to promote the dairy sector which will benefit about 9.5 million farmers, said Information and Broadcasting Minister Prakash Javadekar. Briefing reporters about the decisions taken by the Cabinet, he added that this scheme will take the "White revolution" to the next level.He further said that the Cabinet has also decided to raise the benefit under the interest subvention scheme from 2 per cent to 2.5 per cent.
The increased interest subsidy under Dairy processing and Infrastructure Development Fund (DIDF) will be given to Nabard from 2019-20 (with effect from July