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
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?