SSDF scheme to provide soft loan to Dairy Cooperatives

Pashu Sandesh, 16th February 2019

Department of Animal Husbandry and Dairying is implementing a scheme named ‘Supporting State Cooperative Dairy Federation (SSDF)’ to provide soft loan for working capital to the Dairy Cooperatives to help them maintain buffer stocks of dairy commodities.The scheme is to be implemented by National Dairy Development Board (NDDB).

The objectives of the scheme are:-

(i) To assist the State Dairy Cooperative Federations by providing soft working capital loan to tide over the crisis on account of severely adverse market conditions or natural calamities.

(ii) To provide stable market access to the dairy farmers.

(iii) To enable State Cooperative Dairy Federations to continue to make timely payments of dues to the farmers.

(iv) To enable the cooperatives to procure milk at a remunerative price from the farmers, even during the flush season.

Under the scheme, a corpus of Rs. 300 crore is to be kept in perpetuity with NDDB. The budgetary allocation for implementation of the scheme during 2018-19 is Rs.3.00 crore (RE) and Rs.100 crore during 2019-20 under the scheme.