Dairy/Poultry Venture Capital Fund scheme was started in Dec’2004 with an outlay of Rs. 25.00 Crore. The fund was released during 2005-06 for the first time for implementation of the scheme. This scheme has been fragmented into two separate scheme viz. Dairy Venture Capital Fund & Poultry Venture Capital Fund from the financial year i.e. 2008-09.
Dairy Venture Capital Fund Scheme (DCVF)) was evaluated by Centre for Management Development (CMD) Thiruvanthapuram, Kerala and final report was submitted by them in the year 2009. The modification was made under the scheme on the basis of recommendation made in the independent evaluation study done by CMD, changes suggested by the beneficiaries, implementing agency (NABARD) and lead banks. In the EFC meeting held on 24th June, 2010 under the Chairmanship of Secretary (ADF ,it was decided to modify the Dairy Venture Capital Fund and change it’s name to Dairy Entrepreneurship Development Scheme to make the scheme more effective through wider coverage, enhanced component-wise outlays and by including new components for assistance under the scheme. The scheme DVCF came to a close on 31st August, 2010. The new modified scheme DEDS was started from 01.09.2010 with an outlay of Rs 250 crore during the 11th Plan.
