Agriculture News, Farming News, Research, Horticulture
LIFIC is being started by the National Cooperative Development Corporation (NCDC), which is the end implementation agency for cooperatives under the flagship scheme Pradhan Mantri Matsya Sampada Yojana
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National Cooperative Development Corporation (NCDC) has secured Euro 68.87 million (Rs 600 cr) loan from Deutsche Bank, Germany’s leading bank, for onward lending to cooperatives in India
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The cooperation will define convergence mechanism in implementation of PM-FME (PM Formalization of Micro Food Processing Enterprises) scheme
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The amount have been sanctioned to assist the states and state marketing federations in undertaking paddy procurement operations in a timely manner through their respective cooperative organisations
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FPOs will benefit small, marginal and smallholder farmers by giving access to technological inputs, finance, and better markets and prices for their crops
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The scheme will be linked to Rs 1000 crore ‘Cooperative Start-up and Innovation Fund (CSIF). The funding for the project will be up to 80 percent of the project cost for these special categories such as women, SC, ST, PwD while 70 percent for others
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