In order to realize the Prime Minister Narendra Modi's vision of "Sahkar se Samriddhi", a decision has been taken to form one thousand 100 New Farmer Producer Organizations (FPOs) in the Cooperative Sector. <br />'' <br />'' The Ministry of Cooperation in a statement said, these additional 1100 FPOs have been allocated to National Cooperative Development Corporation (NCDC) under FPOs' Scheme.<br />'' <br />'' Under the FPO Scheme, financial assistance of&nbsp; 33 lakh rupees is provided to each FPO. Further, financial assistance of&nbsp; 25 lakh rupees per FPO is provided to the Cluster Based Business Organizations. <br />'' <br />'' The Ministry said, Primary Agricultural Credit Societies which are primarily engaged in short-term credit and distribution of seeds and fertilizers will now be able to undertake other economic activities as well including high income generating activities like bee-keeping and&nbsp; mushroom cultivation.<br />'' <br />'' <br />''This initiative will ensure remunerative prices to farmers for their produce by providing them necessary market linkages.
News On AIR | May 18, 2023 1:44 PM
Govt to set up 1,100 new Farmer Producer Organizations in cooperative sector