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Government had earlier approved the Dairy Infrastructure Development Fund (DIDF) worth Rs. 10,000 crores for incentivizing investment by cooperative sector for development of dairy infrastructure.
All mutual fund transactions are thus liable for stamp duty and the new system has only standardized the charges across states and the manner of collection of stamp duty.
Prime Minister Shri Narendra Modi has announced several new schemes under Atma Nirbhar Bharat Abhiyaan, including Rs. 1 lakh crore infrastructure fund for the agriculture sector.
The recent initiative by the Fund to reduce the cost of capital to 12 has resulted in an increase in the number of projects that meet the funding criteria laid out under the Special Window.
The Team also apprised the Finance Minister about the control mechanisms being built in by the Fund to monitor project progress and ensure prudent utilisation by calibrating investments in line with project progress.
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