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    Question

    The cooperation ministry notified that 1,100 new farmer

    producer organisations will be established in the cooperative sector under a central scheme titled ‘Formation and promotion of 10,000 Farmer Producer Organisations (FPOs).A financial assistance of _____ is provided to each FPO under the scheme.
    A Rs.33 lakh Correct Answer Incorrect Answer
    B Rs.30 lakh Correct Answer Incorrect Answer
    C Rs.28 lakh Correct Answer Incorrect Answer
    D Rs.24 lakh Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

       The cooperation ministry notified that 1,100 new farmer producer organisations will be established in the cooperative sector under a central scheme.   Since February 2021, the agriculture ministry is implementing a central sector scheme titled ‘Formation and promotion of 10,000 Farmer Producer Organisations (FPOs) with a budgetary provision of Rs 6,865 crore. Under the scheme, a target of establishing 1,100 additional FPOs has been allocated to the National Cooperative Development Corporation (NCDC).     A financial assistance of Rs 33 lakh is provided to each FPO under the scheme. Further, a financial assistance of Rs 25 lakhs per FPO is provided to the Cluster Based Business Organisations (CBBO).     Primary Agricultural Credit Societies (PACS) — which have a member base of around 13 crore farmers and are primarily engaged in short-term credit and distribution of seeds and fertilisers — will now be able to undertake other economic activities as well.

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