+
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


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
Infrastructure Urban

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.Atul Garg, Managing Director, said:"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the ..

Next Story
Infrastructure Urban

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to ..

Next Story
Infrastructure Urban

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Karnataka Bank has announced a net profit of Rs 2.92 billion for the first quarter of FY26, compared to Rs 4 billion in Q1 FY25. The results were approved at the Board of Directors meeting held on 13 August 2025 at the Bank’s headquarters in Mangaluru.Asset Quality & Capital AdequacyGross NPA: 3.46 per cent, improved from 3.54 per cent in Q1 FY25.Net NPA: 1.44 per cent, down from 1.66 per cent in Q1 FY25.Capital Adequacy Ratio (CAR): 20.46 per cent, up from 17.64 per cent in Q1 FY25.Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said:"The Bank has registered a m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?