Features of the Scheme
10000 FPOs to be formed till 2023-24
Budgetary support of Rs 6866 cr
FPOs supported for 5 year period
Support to FPOs
Equity Grant in the form of matching grant up to Rs. 2000 per each farmer member of the FPO. The grant has a maximum ceiling of Rs. 15.00 lakhs.
FPO Management Cost
For the first 3 years a grant of maximum of 18 lacs is provided.
Working Capital Support
Credit Guarantee for taking WC Loan:
For turnover Upto 1 Cr: INR 85 Lakh
For turnover between 1 Cr-2Cr: INR 150 Lakh
Role of FDRVC
Department of Agriculture Cooperation & Farmers’ Welfare (DAC &FW), Government of India (GoI) has launched the scheme- ‘Formation and Promotion of Farmer Produce Organizations (FPOs)’, to promote 10,000 new FPOs in the country by 2023-24. Foundation for Development of Rural Value Chains (FDRVC) has been designated as an Implementing Agency (IA), to promote 100 FPOs allocated to the Ministry of Rural Development (MoRD), GoI under the scheme.