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Government to set up dairy development fund with corpus of Rs 8,000 cr (Relevant for GS Prelims and Mains Paper II)

The Union Budget 2017-18 has proposed setting-up of a Dairy Processing and Infrastructure Development Fund with a corpus of Rs 8,000 crores over three years to augment income of farmers.

It will be set up in NABARD (National Bank for Agriculture and Rural Development). It will be used to enable expansion of milk processing capacity in the country.

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