Aiming to augment agricultural income by helping farmers trade in their produce, PM Modi launched 10,000 Farmers Producer Organisations (FPO) all over the country.
The Centre has allocated budget of Rs 6,865 crore and provide fund of Rs 15 lakh to each FPO, which are extremely beneficial for farmers. Members of the FPO will manage their activities together in the organization to get better access to technology, input, finance and market for faster enhancement of their income. Addressing an event at Chitrakoot, PM Modi said, “The farmers have always been producers, but with the help of FPOs, they can now trade in farm produce. They will sow crop and also act as skillful traders to get the right prices.”
