“Till now, 202 Farmer Producer Companies (also known as FPOs) have been provided with a credit guarantee cover of Rs 67.91 crore,” Agriculture Minister Narendra Singh Tomar said in a written reply to a question in the Rajya Sabha.
Union Agriculture Minister Narendra Singh Tomar (File Photo)
The government has provided a credit guarantee cover of Rs 67.91 crore to more than 200 Farmer Producer Organizations (FPOs) in the last seven years. This information was given to the Parliament on Friday. In the 2013-14 financial year, the government through Small Farmers’ Agribusiness Association (SFAC) had created a 100 crore credit guarantee fund to finance the project load of FPOs.
“Till now, 202 Farmer Producer Companies (also known as FPOs) have been provided with a credit guarantee cover of Rs 67.91 crore,” Agriculture Minister Narendra Singh Tomar said in a written reply to a question in the Rajya Sabha. The minister further said that the Center has created a credit guarantee cover with the National Bank for Agriculture and Rural Development (NABARD) as part of the central scheme, which aims to set up and promote 10,000 FPOs across the country.
10,000 FPOs to be set up
Earlier, while answering a written question in the Lok Sabha, the Agriculture Minister said that we are determined to set up 10,000 FPOs. He said that the Narendra Modi government at the Center has taken many steps to increase the income of the farmers. Referring to the schemes launched in the interest of farmers, the Agriculture Minister said that Pradhan Mantri Krishi Sinchai Yojana, National Beekeeping Honey Mission, Kisan Credit Card, e-NAM and Pradhan Mantri Kisan Samman Nidhi Scheme have been started in this government. With the help of all these schemes, the work of increasing the income of the farmers is being done.
increasing income of farmers
He said that the income of farmers across the country including Uttar Pradesh is increasing continuously. All policies and programs have high budgetary allocation and are being supported by non-budgetary financial resources to provide corpus funds like micro irrigation and other similar facilities.
Tomar also referred to the Rs 1 lakh crore ‘Agri Infrastructure Fund’ for setting up infrastructure to protect against post-harvest losses. He said that in order to promote the export of agricultural products in large quantities from Gujarat, the products of different districts of Gujarat have been included in the Agriculture Export Policy-2018.
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