Impact on Agricultural Sector

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  • 7/27/2019 Impact on Agricultural Sector

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    increasing the availability of feed and fodder," he added.

    To promote market facilities for farmers, the government announced its support tosetting up of Farmers Producers Organisation (FPO) with an allocation of Rs 50 crorematching equity grants for registration process.

    Each FPO will get a maximum of Rs 10 lakh to leverage working capital fromfinancial institutions.

    Besides, a credit guarantee fund will be created in a small farmers agri-businesscorporation with an initial corpus of Rs 100 crore. "I urge state governments tosupport such FPOs with necessary amendments to the APMC Acts and other ways,"the minister said.