GS Paper - 3 (Economy)

The Assam government and National Dairy Development Board signed an agreement to create a Rs 2,000-crore joint venture for holistic development of the sector in the state. As per the MoU, a joint venture company will be set up with a target of processing 10 lakh litres of milk through six new units in seven years.

What

  1. Milk from more than 4,100 dairy cooperative societies will be processed, packed and marketed.
  2. This will benefit more than 1, 75,000 farmers associated with dairy farms in Assam and increase their earnings.
  3. This joint venture will be guided and managed by NDDB, and it will introduce technological innovations.
  4. The National Dairy Development Board's (NDDB) creation is rooted in the conviction that our nation's socio-economic progress lies largely on the development of rural India.
  5. The Dairy Board was created to promote, finance and support producer-owned and controlled organisations.
  6. NDDB's programmes and activities seek to strengthen farmer owned institutions and support national policies that are favourable to the growth of such institutions.
  7. Fundamental to NDDB's efforts are cooperative strategies and principles.