+
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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code