Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
Green shoots for the future.
Aug 17, 2020

The golden age of Indian agriculture may finally have begun. The Rs 1 lakh crore Agriculture Inf­rastructure Fund, launched on August 9, will support farmers, primary agricultural credit societies, farmer-producer organisations (FPOs) and agri entrepreneurs in building community farming assets and post-harvest infrastructure. These assets will enable farmers to get greater value for their produce as they will be able to store and sell at higher prices, reduce wastage, increase processing and add value. About 85 million farmers are already getting investment support (six tranches have been disbursed) under the PM-Kisan scheme.
 
India exports over $35 billion worth of agricultural products annually. But there are still many challenges, the vagaries of nature, developing high quality seeds, raising the right crops under diverse agro-climatic conditions among them. The government, through the Small Farmers Agribusiness Consortium (SFAC), is promoting FPOs by mobilising farmers and helping them register as companies. Currently, there are 7,300-plus FPOs, with 4.3 million small producers in the country. Some 4,000 are supported by NABARD and SFAC.
    

India Today

Archive