Govt says 5,000 Farmer Producer Organizations onboarded on ONDC

New Delhi, The authorities on Friday stated virtually 5,000 out of 8,000 registered Farmer Producer Organizations (FPOs) have been onboarded on the Open Community for Digital Commerce (ONDC) portal for promoting the produce on-line to customers throughout the nation. Round 8,000 FPOs have been registered in opposition to the federal government’s goal of 10,000 beneath a central scheme launched in 2020 with a budgetary provision of Rs 6,865 crore. FPOs facilitate farmers with entry to improved know-how, credit score, higher enter and extra markets to incentivise them to supply higher high quality commodities.

“Virtually 5,000 out of 8,000 registered FPOs have been registered on the ONDC portal…,” the agriculture ministry stated in an announcement.

The onboarding of FPOs on ONDC to succeed in out to their patrons in any a part of the nation is in step with the Central authorities’s goal of offering growers with higher market entry, it stated.

The transfer goals to empower FPOs with direct entry to digital advertising and marketing, on-line cost, business-to-business and business-to-consumer transactions.

The ministry stated the formation and promotion of FPOs is step one for changing “Krishi into Atmanirbhar (self-reliant) Krishi.” The initiative enhances cost-effective manufacturing and productiveness and better web incomes for the members of the FPO.

It additionally improves the agricultural financial system and creates job alternatives for rural youths in villages itself. This was the main step in the direction of bettering farmers’ revenue considerably, it added. Beneath the central scheme, FPOs are supplied with monetary help of as much as Rs 18 lakh per FPO for a interval of three years. As well as, a provision has been made for matching fairness grants of as much as Rs 2,000 per farmer member of FPO with a restrict of Rs 15 lakh per FPO and a credit score assure facility of as much as Rs 2 crore of venture mortgage per FPO from the eligible lending establishment to make sure institutional credit score accessibility to FPOs.

To date, the credit score assure has been issued to 1,101 FPOs value assured protection of Rs 246 crore overlaying greater than 10.2 lakh farmers. Matching fairness grant amounting to Rs 145.1 crore has been transferred on to the checking account of the eligible 3,187 FPOs, the ministry added.