How much fund does the government provide for FPO?
The public authority of India gives monetary help to FPOs under the Focal Area Plan for Formation and Promotion of 10,000 Farmer Producer Organizations (FPOs). The plan has a complete monetary cost of Rs. 6865 Crores. Even on governmentâs portal, https://enam.gov.in/, the FPOs can directly register to avail the benefits and spread awareness too.
Under this plan, each FPO can get monetary help of up to Rs. 18 lakhs for a time of 3 years. This sum is to be utilized for the accompanying purposes:
Boarding Cost
This incorporates the compensation of the President, bookkeeper, and other staff, as well as the lease and utility costs of the FPO office.
Matching Value Award
This is an award of Rs. 2000 for each rancher part, up to Rs. 15 lakh for each FPO. This award is to be utilized to raise the capital of the FPO.
Credit Ensure Office
This is an assurance of up to Rs. 2 crore of task advance per FPO from qualified loaning establishments. This assurance is to assist FPOs with getting advances from banks and other monetary establishments.
Notwithstanding the monetary help, the public authority additionally gives specialized help to FPOs through the National Bank for Agriculture and Rural Development (NABARD). NABARD gives preparation, consultancy, and other help administrations to assist FPOs with setting up and dealing with their organizations.
The public authorityâs monetary help and specialized help are assuming an imperative part in the advancement of FPOs in India. FPOs are assisting with working on the financial state of ranchers by furnishing them with economies of scale, better bartering power, and admittance to business sectors.
Farmers Producers Organization (FPO)
A Farmers Producers Organization (FPO) is an aggregate of ranchers joined to work on their financial circumstances. FPOs engage ranchers by pooling assets, improving business sector access, and giving information sharing. These associations are crucial in advancing supportable horticulture, empowering smallholders to haggle better costs and access different government plans, and at last, adding to provincial turn of events and farming development.
Table of Content
- What is Farmers Producers Organization?
- List of FPO Benefits
- Concept of FPO
- Importance of FPO in Agriculture
- Objectives of FPO
- Challenges faced by FPO
In this article, weâll understand the basics of the Farmers Producers Organisation, its benefits, its importance in the field of agriculture, what challenges it faces, and the support from the governmentâs end. So, letâs start with the basic information about FPO.
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