New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    Paragraph The Indian government has initiated the formation and promotion of 10,000 Farmer Producer Organisations (FPOs) to empower small and marginal farmers. This scheme aims to enhance farmers' income by providing them with better access to inputs, technology, and markets. FPOs are expected to function as collective business entities that enable farmers to negotiate better prices, reduce costs, and improve profitability. Launched under the Ministry of Agriculture and Farmers' Welfare, the initiative is part of the government's broader strategy to double farmers' income by 2022. This program also emphasizes capacity building and technical support to ensure the sustainability of these organizations.

    What is the maximum amount of equity grant provided per

    FPO under the scheme?
    A Rs. 5 lakh Correct Answer Incorrect Answer
    B Rs. 10 lakh Correct Answer Incorrect Answer
    C Rs. 15 lakh Correct Answer Incorrect Answer
    D Rs. 20 lakh Correct Answer Incorrect Answer
    E Rs. 25 lakh Correct Answer Incorrect Answer

    Solution

    The scheme provides a matching equity grant of up to Rs. 2000 per farmer member with a maximum limit of Rs. 15 lakh per FPO.

    Practice Next