10,000 FPOs Scheme will Bring a Revolutionary Change in Agri Sector: 22 April, 2022 https://krishijagran.com/agriculture-world/10-000-fpos-scheme-will-bring-a-revolutionary-change-in-agri-sector-narendra-tomar/
Narendra Tomar : The role of Cluster-Based Business Organisations (CBBOs) must be to strengthen Farmer Producer Organizations (FPOs) so that farmers seek them out. A FPO is not just a company, it is a collective for the benefit of farmers. He said that earlier around 7,000 Farmer Producer Organizations were made but they could not last and a new scheme of FPOs was launched by the Prime Minister with an outlay of Rs. 6865 crore. At a time when the country is observing Azadi ka Amrit Mahotsav, the government is making every effort for the prosperity of farmers.
the Government created a dedicated Central Sector Scheme “Formation & Promotion of 10,000 Farmer Producer Organizations (FPOs), and the same was launched by PM Modi on 29 Feb 2020 at Chitrakoot (UP) for implementation. The scheme is based on the produce cluster approach to enhance production, productivity, market access, promote diversification, value addition, processing and export and also to create agri-based employment opportunities with the aim to economically empower farmers.
To strengthen the financial base of FPOs and entail them to avail collateral-free loan, there is a provision for matching equity grant of max Rs. 2000/- per member with ceiling of Rs, 15 lakh per FPO and Credit Guarantee facility upto bankable project loan of Rs. 2.00 crore respectively.