BackGovt releases Rs10 cr for Dairy Venture Capital Fund scheme
Govt releases Rs10 cr for Dairy Venture Capital Fund scheme
Premium
New Delhi: The government on Wednesday said it has released Rs10 crore as the first instalment of the Dairy Venture Capital Fund (DVCF) for the current year aiming to generate self-employment and creating infrastructure.
The DVCF scheme, implemented through National Bank for Agriculture and Rural Development (Nabard), aims for generation of self employment and creation of infrastructure in the unorganised sector for improving quality—resulting in food safety and to help bring a portion of the unorganised sector under the ambit of the organised sector, an official statement said.
Under the scheme, financial assistance is provided to the rural and urban beneficiaries under a schematic proposal through bankable projects, it said.
So far, Rs122.99 crore has been released to Nabard for venture capital funding since 2004-05. States like Assam, Maharashtra, Rajasthan, Karnataka, Tripura and Uttarakhand have benefited the most from the scheme, it added.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
