Question: Recently, for which period, the Cabinet Committee on Economic Affairs, has approved a Dairy Processing & Infrastructure Development Fund” (DIDF)?
(a) 2017-18 to 2028-29
(b) 2016-17 to 2026-27
(c) 2017-18 to 2019-20
(d) 2016-19 to 2026-20
Ans: (a)
Related facts:-
- On 12th September, 2017, The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi has approved a Dairy Processing & Infrastructure Development Fund” (DIDF) with an outlay of Rs 10,881 crore during the period from 2017-18 to 2028-29.
- It is notable that as Consequent to the Union Budget 2017-18 announcement, Dairy Processing & Infrastructure Development Fund will be set up as a corpus of Rs 8004 crore with National Bank for Agriculture and Rural Development (NABARD).
- It is noteworthy that Rs 8004 crore shall be loan from NABARD to NDDB/NCDC, Rs 2001 crore shall be end borrowers contribution, Rs 12 crore would be jointly contributed by NDDB/NCDC and Rs 864 crore shall be contributed by DADF towards interest subvention.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=170712