Nagaland State Cooperative Bank (NStCB) in a programme organized by DIMUL on January 4 at Dimapur disbursed credit of Rs 61.74 Iakh to 49 dairy farmers of 7 JLGs under Government of India’s Dairy Entrepreneurship Development Scheme (DEDS), a sponsorship programme of NABARD.
Under the scheme NStCB has disbursed credit to the tune of Rs.12.40 to 31 farmers thereby totaling to Rs 74.14 Lakh benefiting 80 numbers of dairy farmers.
The scheme is mainly launched to increase milk production in the State. Dr. Mhasizokho, Chief Executive Officer D1MUL while welcoming the JLG farmers, NABARD, Government officials and NStCB officials explained the economic viability of rearing milk cow and the profitability linked to it.
Asoke Chaktaborty, GM (OIC) NABARD, RD Nagaland exhorted on realistic management of Cows for better milk yield. He also highlighted the prelude of DEDS and the possibility of increasing milk production in the State and at the same time benefiting the farmers.
Imtilemba Longkumer, Managing Director while lauding NABARD for the scheme also appreciated DIMUL for organizing the JLGs. He said that if the farmers repay the loan in time they will be eligible for 33.33% of Central Govt. Subsidy Scheme and if the farmers can avail the benefit through timely repayment the interest yield on loan will be very minimal.
Dr. Temsu Ozukum, Chief Vertenary Officer (CVO) Dimapur highlighted the farmers on the health of the animals and the necessity of timely vaccinations. Others who spoke in the meeting are Dr. Asenuo Linyu Deputy CVO, Dimapur, Bendangnungsang, GM (Cr) NStCB and M. Kera, Chief Manager, NStCB, NSA Branch.