The government is implementing a number of schemes to better the state of the nation’s farmers. The PM Kisan FPO Scheme is one of these schemes about which we will enlighten you today. You may get all the crucial details about the PM Kisan FPO Scheme by reading this article such as what the PM Kisan FPO scheme is, why it exists, what it offers, who qualifies, what the application process needs, etc. Friends, please read this article through to the conclusion if you want to learn everything there is to know about the PM Kisan FPO Yojana.
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PM Kisan FPO Yojana 2022
According to this plan, the group must have 300 farmers as members if it operates in the plains. Similarly, since this organisation operates in a hilly area, 100 farmers should be a part of it. He can only profit from this scheme after that. To receive benefits from this PM Kisan FPO Yojana 2022, farmers across the country must apply. Farmers linked with the newly created associations will have access to a market for their produce, among other advantages provided by this plan for the nation’s farmers. Additionally, it will be very easy for them to buy basics like fertiliser, seeds, medications, and agricultural equipment. Another important advantage is that middlemen would no longer be a problem for farmers.
PM Kisan FPO Yojana
What is FPO?
FPOs are a sort of Farmer Producer Organization that are registered under the Companies Act and represent the interests of farmers. The PM Kisan FPO scheme would encourage these groups. The government would give the organisations financial help through this scheme in the amount of Rs 15 lakh. The country’s farmers will now benefit from both farming and business. The PM Kisan FPO scheme requires at least 11 farmers to band together and form their own agricultural company in order to be eligible. The government would also give FPO organisations all the benefits that it gives to businesses. The grant amount under this scheme will be made available in three years. This scheme will result in the formation of an association for 10,000 new farmers throughout the nation.
PM Kisan FPO scheme became the income of farmers
Narendra Singh Tomar, the Minister of Agriculture and Farmer Welfare, has announced the establishment of beekeepers in five states. Under the central government’s PM Kisan FPO scheme, this announcement has been made which the government has as a goal the creation of 10,000 FPOs. On November 26, 2020, five districts began using FPO. These five districts are NAFED in the Mathura district of Uttar Pradesh, Bharatpur in Rajasthan, East Champaran in Bihar, and Morena in Madhya Pradesh. India must advance its honey production through this scheme. Four to five thousand beekeepers will benefit from the FPOs of these five districts, and 60,000 quintals of honey will be produced which the NAFED will use to deliver to the customers. Each SPO member organisation will have the ability to oversee its own operations so that more effective market access can be achieved. Farmers will gain from this scheme, and their income will rise as well. The government has set a goal of Rs 500 crore for the PM Kisan FPO scheme under the Atmanirbhar Bharat Abhiyan. FPO will play a significant role in helping farmers’ incomes double.
Pradhan Mantri Kisan FPO Yojana 2022 Highlights
Name of the Scheme
PM Kisan FPO Scheme
Who initiated it
Farmer producer organizations of the country
provide financial assistance
Objective of PM Kisan FPO Scheme 2022
You are all aware that many farmers in the nation are struggling financially and aren’t reaping many rewards from their work. In order to help these farmers, the Central Government launched the PM Kisan FPO Scheme 2022. Through this scheme, the Central Government has given Farmer Producer Organizations, or FPOs, financial support in the amount of Rs. 15 lakhs. The development of the agriculture industry is the key goal of this schemeto advance the interests of the farmers while increasing the farmers’ revenue through this scheme. The country’s farmers will profit from this Pradhan Mantri Kisan FPO Scheme 2022 in a manner similar to how it occurs in business.
Main facts of PM Kisan FPO Yojana
The Central Government has launched the PM Kisan FPO Scheme.
Farmer Producer Organization is the entire name of the organisation.
Farmers make up the organization’s membership.
Farmers are given access to SPO’s technical, marketing, credit, processing, irrigation, and other services.
Farmers can obtain loans under this scheme up to Rs 15 lakh.
The Indian Companies Act allows for the registration of FPOs.
In addition to this, this group offers the farmers access to resources including seeds, fertiliser, machinery, market connections, training, networking, financial support, etc.
The organization’s mission is to assist farmers in every way that it can.
This organization helps farmers increase their output by giving them assistance. According to this scheme, there should be one FPO in each district block, with aspirational districts receiving priority in the establishment of this group.
In addition to primary instruction from the level of CBO, adequate training and hand handling are also offered through FPOs.
An FPO should have at least 100 members in the Northeast and in hilly areas, and at least 300 members in plain areas.
New FPO groups will be formed
For farmers with ownership rights to 1 hectare or less of agricultural land, the PM Kisan FPO scheme has been introduced. The Central Government has notified that this scheme’s five-year duration is now complete. Through this scheme, farmers can receive financial support in the form of loans for up to Rs 1500000 to launch their own businesses. By 2023–2024, the government orders to establish 10,000 FPO organisations under this scheme. Together, the government and its independent body, SFAC India, will create this group. The Central Government has set out Rs 4496 crore for the creation of 10,000 SPOs.
In addition to this, the government has set a goal to offer an extra Rs 2370 crore in financial aid by the years 2027–2028. By 2027–2028, farmers will receive financial support of Rs. 6886 crore through this scheme. With the help of this scheme, farmers will produce more and become self-sufficient in terms of money.
Additionally, through this scheme, agricultural entrepreneurial skills will be cultivated. The government will also offer assistance and support to the new FPO for up to five years.
No Heavy Interest charges to be paid
Visit the official website to submit an application if you are a farmer who wants to take advantage of the PM Kisan FPO scheme. You can call on the toll-free number to acquire more information about this scheme. It can be reached at 1800 270 0224. This scheme is available to all small and marginal farmers. Farmers will be able to avoid moneylenders because to this scheme. To benefit from this scheme, farmers must form a group of 11 willing farmers if they meet the eligibility requirements. Eleven farmers will function as the FPO.
The government does not impose high interest rates on the loans made available through this scheme. This group’s farmers must register under the Companies Act. After registering, FPO can conduct business as a company. All of the facilities that are offered to a company will be made available to the FPO.Features of Kisan FPO Scheme
According to Kailash Chaudhary, Union Minister of State for Agriculture, the Modi administration would create 10,000 new farmer producer organisations.
This will cost Rs. 6865 crore by the year 2024. Government assistance would be provided to every FPO farmer for five years.
After reviewing the organization’s work, the central government will provide a grant of Rs. 15 lakh. In three years, the entire amount of this help will be received.
You will enjoy all the same advantages a firm does in this. This will assist 30 lakh farmers in total.
This scheme aims to make farming profitable on par with other industries.
The country’s agriculture will grow, and farmers’ financial situations will also improve. The sum provided to the nation’s farmers will be provided in cash under this scheme. Small and marginal farmers will establish organisations under this scheme, which will be advantageous to them.
Benefits of PM Kisan FPO Scheme 2022
The benefit of this scheme will go to the nation’s farmers, who will receive financial help from the federal government in the amount of Rs 15 lakh over the course of three years to the farmer producer associations in the nation.
If the organisation operates on the plains, the PM Kisan FPO Scheme 2022 requires that at least 300 farmers be a part of it. Similar to that, since this group operates in hilly terrain, 100 farmers ought to be affiliated with it. Then and only then can he benefit from this plot.
As a result of this scheme, the nation’s farmers will also get other advantages, such as a market for their products for the farmers connected to the organisations created. Additionally, purchasing necessities like fertiliser, seeds, medicines, and agricultural machinery will be very simple for them.
The eligible citizens of the nation who wish to benefit from this scheme must submit an application.
Eligibility of PM Kisan FPO Yojana
The applicant must be an Indian citizen and should be a farmer by trade.
In the plain area, an FPO needs to have at least 300 members.
A hilly area requires a SPO to have at least 100 members.
Both having cultivable land of one’s own and joining the group are requirements for the FPO.