The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi on Wednesday gave its approval for 10,000 Farmer Producer Organisations (FPOs) to be formed in five years period from 2019-20 to 2023-24 with a further committed liability of Rs. 2,369 crore for the period from 2024-25 to 2027-28 towards the handholding of each FPO for five years."It will ensure economies of scale for farmers. Support to each FPO to continued for 5 years from its year of inception from its aggregation and formation. Through formation of FPOs, farmers will have better collective strength for better access to quality input, technology, credit and better marketing access through economies of scale for better realization of income", said an official release.FPOs will be formed and promoted through Cluster Based Business Organizations (CBBOs) engaged at the State/Cluster level by implementing agencies. Adequate training and handholding will be provided to FPOs. CBBOs will provide ...
