CURRENT AFFAIRS

Detailed explanation-1: -Consequent to the Union Budget 2017-18 announcement, Dairy Processing & Infrastructure Development Fund has been set up with a corpus of Rs. 8, 004 crore with National Bank for Agriculture and Rural Development (NABARD).

Detailed explanation-2: -National Programme for Dairy Development (NPDD)

Detailed explanation-3: -f) To promote exports and increase the export contribution in the milk and meat sector. Animal Husbandry Infrastructure Fund will be implemented by the Department of Animal Husbandry and Dairying, Ministry of Fisheries, Animal Husbandry and Dairying.

Detailed explanation-4: -Investment: Rs 5.00 lakh for ten animal units – minimum unit size is two animals with an upper limit of 10 animals. Subsidy: 25% of the outlay (33.33 % of SC / ST farmers, ) as back-ended capital subsidy subject to a ceiling of Rs 1.25 lakh for a unit of ten animals (Rs 1.67 lakh for SC/ST farmers, ).