Agriculture World

Farmers will Get Rs. 15 Lakh through PM Kisan FPO Yojana 2020; Check Details and Method to Apply

Abha Toppo
Abha Toppo
FPOs
Pic Credit - geagindia.org

PM Kisan FPO Scheme 2020: PM Kisan FPO Yojana has been launched by the Central Government to provide more economic relief to the farmers of the country. Under this scheme, the FPO (Farmer Producer Organizations) will be provided financial assistance of Rs. 15 lakh by the central government. Under this scheme, the farmers of the country will get several benefits. Under this scheme, the farmers of the country will also get benefits like farming in business. To take advantage of this, at least 11 farmers will have to form their own agricultural company or organization.

FPO is a group of farmers who work for the benefit of other cultivators and who are registered under the Companies Act and take forward agricultural producers.

PM Kisan FPO Scheme 2020 Details

  • It is a central government scheme that means all the farmers of the country can take advantage of this scheme.

  • About 11 farmers will have to form their own organization to take advantage of this scheme.

  • If this organization of 11 farmers is working in a plain area then they will have to bring in about 300 farmers with them.

  • If this organization is working in the hilly region, then the organization will have to connect about 100 farmers with them.

  • It will be very easy for farmers associated with the organization to buy essential items like fertilizer, seeds, medicines and agricultural equipment.

  • By the year 2024, about Rs 6865 crore will be spent on PM Kisan FPO Scheme by the Central Government!

  • Under this scheme, financial assistance of Rs. 15 lakh will be provided by the central government to FPO, this amount will be provided by the government within three years.

How to apply for PM Kisan FPO Scheme 2020?

Interested farmers who want to apply online for this scheme will have to wait for some time as the government has not yet started the registration process. As soon as the application process starts, the Central Government will inform the farmers through a notification.

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