“Based on a press launch by the Ministry of Agriculture and Farmers Welfare, as of June 30, 2024, a complete of 8,875 FPOs have been registered throughout the nation, marking a serious milestone within the initiative aimed toward reworking the agricultural panorama.
The cumulative paid-up capital for these 8,875 FPOs stands at ₹630.3 crore. Underneath the scheme, a cumulative quantity of ₹210.1 crore has been launched to eligible FPOs as an identical fairness grant, demonstrating the federal government’s dedication to bolstering monetary help for farmer collectives.
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The CSS for the “Formation and Promotion of 10,000 Farmer Producer Organisations (FPOs)” adopts a cluster-based strategy for produce or produce combine. Moreover, it emphasizes the “One District One Product” technique, which goals to develop product specialization.
This strategy encourages FPOs to give attention to processing, branding, advertising, and exporting particular agricultural merchandise declared for his or her respective districts. This strategic focus is meant to boost worth realization for farmers and promote sustainable agricultural practices.
To additional help these FPOs, the scheme contains provisions for a credit score assure fund. Underneath this provision, loans value Rs. 50.4 crore have been issued to FPOs, offering them with the required monetary backing to develop their operations and improve productiveness.
As of June 30, 2024, a major variety of shareholder farmers, totalling 19,68,868, have been registered in FPOs fashioned and promoted beneath the scheme. Moreover, 6,374 CEOs have been appointed within the 8,875 registered FPOs, making certain skilled administration and strategic course for these organizations.
The operational tips of the scheme, significantly clause 4.7, spotlight the significance of product and repair diversification to make sure year-round engagement with FPO members.
FPOs are inspired to federate at district, state, and nationwide ranges to streamline processing, branding, and advertising efforts for recognized merchandise. This data was supplied by the Union Minister of State for Agriculture & Farmers’ Welfare, Ramnath Thakur, in a written reply in Rajya Sabha on Friday.
The Minister underscored the federal government’s dedication to the agricultural sector by way of strategic initiatives just like the FPO scheme, aimed toward enhancing the socio-economic standing of farmers and making certain sustainable agricultural progress.
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