PM Kisan FPO Yojana 2023: Get Rs 15 lacs for agriculture business

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PM Kisan FPO Yojana 2023: PM Kisan FPO Yojana has been launched by the Central Government keeping farmers in mind. Farmers can benefit greatly from this scheme. The central Government going to spend Rs.4,496 crore under this scheme to further the agriculture sector.

The central government provides financial assistance of Rs. 15 lakh to these groups of farmers.  PM Kisan FPO Yojana will be given all the same benefits that a company gets.

The central government wants to brighten the future of the farmers in every situation. Keeping this in mind, the PM Kisan FPO scheme has been launched. Under this scheme, farmers will be encouraged to increase production through which their income can be increased. Under this scheme, special groups of farmers will get financial support from the government.

PM Kisan FPO Yojana 2020 : Get Rs 15 lacs for agriculture business

What is FPO? | PM Kisana FPO Yojana

Scheme NamePM Kisan FPO Yojana
Full form of FPOFarmer Producer Organisation (FPO)
Launched byCentral Government
BenefitsProvide Financial Support
Official website

It is a farmers’ association called the Farmers Producer Organization and it works in the interest of the farmers. It is registered under the Companies Act. The central government will provide financial assistance of Rs 15 lakh to these organizations. The government has started this scheme so that farmers can benefit like any business in farming.

It is an economic cooperation scheme under which farmers’ organizations will be given financial assistance up to Rs. 15 lakhs in 3 years so that they can increase their production, provide employment, and they can get a proper market for the sale of production.

In this scheme, farmers will not only get financial help but will get many more benefits. They will get a market for their produce, in addition to fertilizers, seeds, and medicines, it will also be easy to purchase agricultural equipment. Also, the biggest advantage will be that the farmers will be free from middlemen.

This is how you will get 15 lakh rupees

Under this scheme launched for farmers, the organizations will give Rs 15 lakh. To take advantage of this, at least 11 farmers will have to get organized and form their own agricultural company or organization.  

After seeing the work of this organization, the central government will give it support of 15 lakh rupees. It is important to know here that if the organization works in the plains, then there should be at least 300 farmers involved in it. Similarly, if this organization is in the hilly region, then 100 farmers should be connected there. The organization will get this amount in three years.  

NABARD will look after Consultancy Services for organizations trying to take advantage of this scheme and give ratings on the same basis. Apart from this, there are some conditions which have to be fulfilled.

Benefits under PM Kisan FPO Scheme

  • Under this scheme, farmers have to form a group of their own. Under this group, all types of small and marginal farmers can participate together. Any farmer who will be included in this group will be provided a fair market for their crops.
  • Under the FPO system, farmers get good prices for their producers and they get a market directly.
  • It is necessary to add at least 11 farmers to this organization.
  • Under the scheme, Rs. 15 lacks will be given by the Central Government to the Farmer Organization in 3 years.

Condition for taking money by making KISAN FPO

Kisan FPO for field farmers

If a group of farmers is working in the field, then they have to form a group of at least 300 farmers.  

If farmers make 10 board members, then there should be at least 30 farmers groups on one board member.

Kisan FPO for hilly region

For the hilly region, it is necessary to have at least 100 farmers associated with Pm Kisan FPO Yojana. Only then they will be given the benefit of the company.

PM Kisan FPO Online Registration

The information on how to apply under this scheme is not present at present, but here it will act as a company, therefore, it will be mandatory for farmers to register under the Companies Act. Under the scheme, this group will get the same benefits as a company.

Also Read – PM Garib Kalyan abhiyan 2021

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