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News » India » PM Kisan FPO Yojana: Get Financial Help to Start Agri-Business

India

PM Kisan FPO Yojana: Farmers to Receive Financial Assistance for Starting Agri-Business

The Modi government is implementing several schemes for the benefit of farmers, including the PM Kisan FPO Yojana, which provides financial assistance for starting agri-businesses.

Poornima Tiwari
Last updated: 09/06/2023 at 7:28 PM
Poornima Tiwari
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PM Kisan FPO Yojana: Get Financial Help to Start Agri-Business
Highlights
  • Farmers can receive up to 15 lakhs under the FPO scheme to start a new agri-business
  • The scheme requires the establishment of an organization consisting of 11 farmers, which can purchase tools, fertilizers, seeds, and medicines for agriculture-related activities.
  • Only Farmers Producer Organizations will be eligible for financial assistance under this scheme.

PM Kisan FPO Yojana: Modi government is implementing several schemes for farmers. The government is running the PM Kisan Yojana to strengthen farmers economically. Farmers will soon receive the 14th installment under the PM Kisan Yojana. The government also provides funds for farmers to start a business. The government provides financial assistance of up to 15 lakh rupees for farmers to start a business. Here’s how you can benefit from government schemes.

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Financial assistance for farmers to start a business

Farmers receive 15 lakh rupees under the FPO scheme. This scheme provides financial assistance to farmers to engage in new agricultural businesses. To avail this scheme, a group of 11 farmers needs to form an organization. It will provide assistance to farmers in purchasing agricultural tools, fertilizers, seeds, and medicines. Under the government scheme, only Farmers Producer Organizations will receive 15 lakh rupees.

Application process

First, visit the official website of the National Agricultural Market. On the homepage, you will find the option for FPO, click on it. Click on the registration form and fill in all the required information. After that, scan and upload the canceled check and ID proof. Submit the form.

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Login process

Go to the official website of the National Agricultural Market. Click on FPO. The login form will appear. Enter your username, password, and captcha code, then log in.

Government’s target

The government has set a target of establishing 10,000 FPOs by the year 2023-24. The government aims to strengthen farmers financially and increase their productivity. The government is taking significant steps in that direction.

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TAGGED: Agri-business, Farmers Producer Organizations, Financial Assistance, Modi Government, PM Kisan FPO Yojana
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