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Nabard launches Rs 80 bn Dairy Processing and Infra Development Fund

According to Nabard, the fund is expected to achieve an investment of Rs 100 billion in the dairy sector by 2019-20

Milk, products, dairy
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Vinay Umarji Ahmedabad
In a bid to support the modernisation of the dairy sector in the country, the Centre has set up a Dairy Processing and Infrastructure Development Fund (DIDF) at the National Bank for Agriculture and Rural Development (Nabard), with a corpus of Rs 80.04 billion.

According to Nabard, the fund is expected to achieve an investment of Rs 100 billion in the dairy sector by 2019-20.

The first installment of Rs 4.4 billion was disbursed to the National Dairy Development Board (NDDB) by union minister of agriculture and farmers welfare, Radha Mohan Singh. 

The fund would be distributed to six different projects, namely, including

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