According to Union Minister of State for Agriculture Kailash Chaudhary, the government will give credit guarantee to farmers producer organizations (FPOs) for loans in projects up to Rs 2 crore.
new Delhi. The Modi Government has started the scheme of 10,000 Farmer Producer Organizations (FPOs). The farmers who were till now only producers, will now also do business related to agriculture through FPO. According to Union Minister of State for Agriculture Kailash Chaudhary, 30 million farmers will be benefited directly from this scheme. Through the FPO (Farmer Producer Organization), the farmers associated with it will be able to get the right price for their produce. At least one FPO will be set up in every block of 100 districts of the country.
According to Chaudhary, the government will give credit guarantee to farmers producing organizations for loans up to Rs 2 crore. Each organization will be given an equity grant of up to Rs 15 lakh. In this scheme, 10 thousand farmer producing organizations will be formed by the year 2024, for which Rs 6865 crore has been allocated.
There should be a group of farmers consisting of at least 11 members. Its company act will be registered. The Modi government is talking about giving 15 lakh rupees, its benefits will be given in three years after seeing the work of the company. Seeing the work of the organization, NABARD Consultancy Services will be rated, on the basis of that a grant will be given. For the plain area, at least 300 farmers should be associated with an organization, while 100 farmers should be connected in the hills. If you want to create FPO, you
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contact here in the office of National Bank for Agriculture and Rural Development, Small Farmers’ Agri-Business Consortium and National Cooperative Development Corporation (NCDC). can do.
How will member farmers benefit
According to Vinod Anand, the founding member of the National Farmers Federation, the collective power of farmers increases by joining the FPO. Because bargaining of any product is sold collectively. Farmers get a good market for their produce, which makes it easy for them to buy fertilizer, seeds, medicines and agricultural equipment etc.
