The government will provide Rs 15 lakh to farmers
The PM Kisan FPO scheme has been launched by the Central Government with the farmers in mind. Farmers can benefit a lot from this scheme. The central government is going to spend Rs 4,496 crore under the scheme to boost the agricultural sector. PM Kisan FPO Yojana means Kisan Utpadan Sangathan (FPO) i.e., a group of farmers who are registered under the Companies Act and carry out agricultural productive work. The central government will have to provide financial assistance of Rs 15 lakh to this group of farmers. Under PM Kisan EPO Yojana, all those benefits will be given to a company, but this organization will be completely different from cooperative politics, so the Cooperative Act will be applicable to this company.
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10 thousand new productive organizations will be formed
After the approval of the government, 10 thousand new farmers’ production organizations will be formed across the country. Its registration will be in the Companies Act, so it will have all the good benefits that a company gets.
Farmers will benefit
There will be a group of small and marginal farmers under PM Kisan FPO Yojana. Farmers connected to this group will not only find a market for their produce, but will also be able to buy fertilizers, seeds, medicines and agricultural inputs. At the same time, you will get rid of the spider web of middlemen. In the FPO system, farmers will get good prices for their produce.
Assistance of Rs. 15 lakhs
According to sources, under PM Kisan Yojana, at least 11 farmers can unite and form their own agriculture company or organization. The Central Government will provide Rs. 15 lakhs in 3 years depending on the work of the company i.e. the organization. For that if the organization is working in the field sector, at least 300 farmers should be associated with it. On the other hand, in the mountainous region its number will be 100. NABARD Consultancy Services will rate your company’s work. Apart from that many other conditions have also been laid down.