Venrture Capital | Dairy | Milk

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F.NO.l-I/06-DP Government of India Ministry of Agriculture Department of Animal Husbandry, Dairying & Fisheries

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Krishi Bhawan, New DfL!.hi-ll000l Dated the 0 g'May, 2008.

OFFICE MEMORANDU~

Subject: Central Sector Plan Scheme -"DAIRY VENTURE C~ITAL FUND" implementation during .11 Plan period -administrative approval for the year 2008-09 th

With reference to the OM No.l-I/2006-DP

dated 27th April 2007, it is regarding the VENTURE

issuance of Administrative approval of the Central Sector Plan Scheme- DAIRY CAPITAI- FUND" for the year 2008-09,

2. Objective of the scheme To generate self employment and providing infrastructure mainly to the unorganized sector for making improvement in the quality resulting in food safety and to help in bringing a significant portion of unorganized sector in the ambit of organized sector that will result in increasing the commercial viability of the activities, 3. Pattern of Assistance .Entrepreneur's .Interest .Bank contribution 10%" 50% 40% . .

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free Loan from revolving fund provided by GOI loan at interest applicable for agricultural activities

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Government of India will subsidize the interest component applicable for agricultural activities to the extent of 50% only in case of regular/timely repayment of loan by the beneficiary,

4.

The scheme will be implemented through National Bank for Agriculture and Rural which will be the nodal agency for the scheme. The scheme has been

Development (NABARD),

approved with the guidelines given in the para 6,

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5.

The budget provision for the scheme during 2008-09 is Rs.40.00 crores (including Rs.4.00

crores for NE states)

6. i)

The guidelines for the approval of the project under the schemeshall be as below: The Government of India will release its share to NABARD, which will be maintained by them as revolving fund. ii) .

The scheme will be extended to agricultural farmers/individual entrepreneurs and groups of all sections of unorganized as well as organized sector.

-iii)

The components, which can be funded under the scheme, are given below. However, they may be funded individually or in combination.

SI.No. Component ._(Rs. 1. Establishment of small dairy farmsTen animal unit (buffaloes/cross breed cows) for milk production 2.

Maximum total project cost* in lakh~ Rs.3.00 lakhs per unit (upto ten animals) -Any Non Operation Flood areas. -The total cost depends on the infrastructural facilities required. Purchase of milking machines / Rs.15.00 lakhs milkotester / bulk milk cooling unit Milking Machine, Milk-o-tester etc. Bulk Milk Cooling units (upto 2000 Its c~aci!Yl Purchase of dairy processing Rs.I0 lakhs per unit equipment for manufacturing -Unit cost depends upon the quantum of indigenous milk products. milk to be handled and the type of products to be manufactured . -The total cost depends' upon the investment on civil structures, type and source of machinery.

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4.

Establishment of dairy product transportation facilities including cold chain.

Rs.20 lakhs per unit. -Unit cost depends upon the quantum of milk/milk products to be transported / handled and the type of products to be transported -The total cost depends upon the investment on type and source of transport vehicle and machin~ Rs. 25 lakhs per unit -Unit cost depends upon the quantum of milk/milk products to be stored and the of products to be stored -While the cost depends upon the investment on type and source of machineryused.

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5.

Cold storage facilities for milk and milk products. .type

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Distribution: 1. Principal Accounts Officer, Ministry of Agriculture, Department of Animal Husbandry and Dairying, 16, Akbar Road Hutments, New Delhi-II 0011. 2. The Accountant General, Commerce, Works and Miscellaneous, AGCR Building, Near ITO, New Delhi-I 10002. 3; Chief Controller of Accounts, Department of Agriculture and Cooperation, Krishi Bhavan, New Delhi. 4. Advisor (.Agriculture), Planning Commission, Yojana Bhavan, New Delhi. ~ 5. Additional Secretary & Financial Advisor, Deptt. of Animal Husbandry & Dairying, Krishi Bhavan, New Delhi 6. Chief General Manager, Technical Service Department, NABARD, Bandra-Kurla Complex, Bandra (East), Mumbai -400 051
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C-24, 'G' Block,

7. Joint Secretary (Admn.), Room No.I99, Ministry of Rural Development, Krishi Bhawan, New Delhi. 8. Joint Secretary (PF-II), Ministry of Finance, Department of Expenditure, North Block, New Delhi. 9. Joint Secretary, Ministry of Finance, Department of Economic Affairs, Banking Operation and Administration Division, Room No.6, 3rd Floor, Jeevan Deep Building, Parliament Street, New Delhi. 10. Managing Directror, NDDB, P.B.No.40, Anand 388001. 11. AC (P) and DC (LH)
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Copy for information to: PPS to Secretary (AHD&F)/ PS to JS (A&DD)/ PA to DS. (DD).

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nnlA (M.R.Sharma)
Under Secretary to Government of India

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