milk production Current Affairs - 2020

Animal Husbandry Infrastructure Development Fund: Implementation Guidelines launched

On July 16, 2020, the Union Minister of fisheries, Husbandry and Dairying launched guidelines for Animal Husbandry Infrastructure Development Fund (AHIDF). Highlights The fund will help to increase milk production to 330 million tonnes by 2024. The Government of India is planning to increase milk processing up to 40%. The AHIDF will facilitate incentivization of Read More…

June 1: World Milk Day

Every year World Milk Day is celebrated on June 1 by the Food and Agriculture Organization of the United Nations. The day is celebrated to bring awareness and attention to the activities associated with the diary sector. Highlights June 1 was chosen to be celebrated as World Milk Day by the FAO in 2001. The Read More…

New Scheme for Diary Sector: GoI subsidizes interest rates on working capital

On May 14, 2020, the Government of India launched a new scheme for the diary sector. The scheme has introduced Interest Subvention on Working Capital to support Diary Cooperatives and FPO (Farmer Producer Organization). Key Features The scheme intends to modernize existing milk processing units. It will also enhance the milk processing capacity of the Read More…

Revision of interest subvention under Diary Processing and Infrastructure Development Fund from 2% to 2.5%

The Cabinet Committee on Economic Affairs recently approved its revision of interest subvention rates from 2% to 2.5% per annum. This is being done under Diary Processing and Infrastructure Development Fund (DIDF). Highlights Under the DIDF, GoI will now provide interest subvention up to 2.5% to NABARD till 2030. This shall enable NABARD in devising Read More…

Milk Price Rise in India

On December 14, 2019, Gujarat Cooperative Milk Marketing Federation (Amul) and Mother Dairy (owned by National Diary Development Board) increased MRP (Maximum Retail Prices) of their pouched milk by Rs 2 per litre. Why the price rise? The two main reasons behind the price hike is partly structural and partly weather related. The months between Read More…