Govt to set up dairy development fund with corpus of Rs 8,000 cr

To augment income of farmers, budget has proposed setting-up of a Dairy Processing and Infrastructure Development Fund with a corpus of Rs 8,000 crores over three years. “Dairy is an important source of additional income for the farmers. A Dairy Processing and Infrastructure Development Fund would be set-up in NABARD with a corpus of Rs 8,000 crores over 3 years,” said Finance Minister Arun Jaitley during his budget speech.

According to the government, with a better monsoon, agriculture is expected to grow at 4.1 percent in the current year (2016-17) as the total area sown under kharif and rabi seasons are