Through formation of FPOs, farmers will have better collective strength for better access to quality input, technology, credit and better marketing access through economies of scale for better realization of income.
Eligible farmers who have not yet registered themselves for the PM Kisan Samman Nidhi Scheme will be entitled to get Rs 4000 if they register themselves before 30th September.
In 2020, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, gave its approval for 10,000 FPOs to be formed in five years period from 2019-20 to 2023-24 to ensure economies of scale for farmers. Support to each FPO be continued for 5 years from its year of inception.