The government has announced big gifts to farmers. Now farmers can get up to Rs 15 lakh. However, there are some conditions for getting this amount. This amount can be obtained only on the basis of these conditions.
The government will spend Rs 6,865 crore on the scheme by 2024.
It has been named PM Kisan FPO Scheme 2020. Along with this, it is believed that it can improve the condition of farmers.
● What is the purpose of this scheme
The central government has started it to provide economic relief to farmers. So as to get rid of intermediaries. It means Farmer Producer Organization (FPO)
● How to get Rs 15 lakh
An FPO will be set up for Rs 15 lakh. It will have a farmer’s group. The group will get Rs 15 lakh. This group should have at least 11 farmers. These 11 farmers have to form an organization or company.
● What money will be found here at once
No, this money will be received in three years. That means it will get some phases
● What will be the benefit of this
The scheme will also have group farmers who will get various benefits. The country will benefit farmers as much as it does business in agriculture. Opportunity for farmers to transform farming into a business
● Is it possible to get Rs 15 lakh just by setting up an Agri company
No, after 11 farmers form an Agri company, it has to be registered under the Companies Act, which has to work for the benefit of the producer. Under this, the organizations will get Rs 15 lakh
● How to apply
So far the government has not started the registration process. You can apply for this after some time when the government will start fully. A notification for this may come shortly.
● Which state will get this benefit
Farmers in all the states of the country will benefit from it. You can create an organization in whatever state you are in. If the farmers are in the plains then 300 farmers can join them. If there is a hilly area like Uttarakhand or any other, it can connect 100 farmers.
FPOs will usher in farmer’s lives and enable farmers to create wonders through FPOs in their state. PM Modi had earlier started various initiatives like raised minimum support price (MSP) of crops, soil health card scheme, neem coating of urea, completion of pending irrigation projects for the welfare of farmers. Central govt. has worked at every level for the betterment of farmers’ lives and to raise their income.
To date farmers were the only producers of crops but now through PM Modi FPO Scheme, they would be able to negotiate prices of their products with traders and do business.