Shah to inaugurate 'Strengthening PACS through FPOs' conclave in Delhi
ECONOMY & POLICY

Shah to inaugurate 'Strengthening PACS through FPOs' conclave in Delhi

The conclave is aimed at discussing ways to strengthen Primary Agricultural Credit Societies (PACS) through Farmer Producer Organisations (FPOs). It was announced that 1100 new FPOs will be formed in the Cooperative Sector, in line with Prime Minister Narendra Modi's vision of ‘Sahkar se Samriddhi’ and with the efforts of Minister of Cooperation Amit Shah.

Financial assistance of Rs 33 lakh is provided to each FPO under the FPOs Scheme, and Cluster Based Business Organisations (CBBOs) receive Rs 25 lakh per FPO for promoting and handholding the FPOs.

FPOs play a crucial role in making farming sustainable and improving the livelihoods and overall quality of life for those dependent on agriculture.

They facilitate better prices for small and marginal farmers/producers, reduce transportation costs, and enhance overall productivity.

The mega conclave "Strengthening PACS through FPOs" will be inaugurated by Union Home Minister and Minister of Cooperation Amit Shah in New Delhi on July 14, 2023. The event will bring together experts from the sector and members of FPOs nationwide. The conclave is organized by the National Cooperative Development Corporation (NCDC) in collaboration with the Union Ministry of Cooperation.

The Ministry of Agriculture and Farmers Welfare has allocated additional blocks to the NCDC to form and promote 1100 FPOs in the Cooperative Sector, as part of an initiative to strengthen PACS and support small and marginal farmers in the cooperative sector.

Also read:
SECL to develop closed coal mine in Korba District as Eco-Tourism Spot
NTPC's captive coal mines production surges to 8.48 MMT in Apr-Jun


Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The conclave is aimed at discussing ways to strengthen Primary Agricultural Credit Societies (PACS) through Farmer Producer Organisations (FPOs). It was announced that 1100 new FPOs will be formed in the Cooperative Sector, in line with Prime Minister Narendra Modi's vision of ‘Sahkar se Samriddhi’ and with the efforts of Minister of Cooperation Amit Shah. Financial assistance of Rs 33 lakh is provided to each FPO under the FPOs Scheme, and Cluster Based Business Organisations (CBBOs) receive Rs 25 lakh per FPO for promoting and handholding the FPOs. FPOs play a crucial role in making farming sustainable and improving the livelihoods and overall quality of life for those dependent on agriculture. They facilitate better prices for small and marginal farmers/producers, reduce transportation costs, and enhance overall productivity. The mega conclave Strengthening PACS through FPOs will be inaugurated by Union Home Minister and Minister of Cooperation Amit Shah in New Delhi on July 14, 2023. The event will bring together experts from the sector and members of FPOs nationwide. The conclave is organized by the National Cooperative Development Corporation (NCDC) in collaboration with the Union Ministry of Cooperation. The Ministry of Agriculture and Farmers Welfare has allocated additional blocks to the NCDC to form and promote 1100 FPOs in the Cooperative Sector, as part of an initiative to strengthen PACS and support small and marginal farmers in the cooperative sector. Also read: SECL to develop closed coal mine in Korba District as Eco-Tourism Spot NTPC's captive coal mines production surges to 8.48 MMT in Apr-Jun

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000