NOW FARMERS CAN WORK TOGETHER TO GROW TOGETHER

Today farmers became most neglected section both socially as well as economically. We can say Socially as farmers families never get respectful position in the society & economically as so many schemes are introduced by the govt. for the benefits of the farmers, but no one is working for the awareness of the illiterate farmers so they can’t be benefited from those schemes. From the awareness point of view this article is very important. So, the theme is work together then only we can grow together.

WHAT IS FPC –

A farmer producer company can be defined as a legally recognized body of farmers/ agriculturists. Producer Company can be formed by minimum 10 individual farmers having their business objective as specified under the Act. A farmer producer company is a hybrid between private limited companies and cooperative societies

BENEFITS OF FPC –

1. Legal status under Ministry of Corporate affairs will give organised status to unorganised individual farmers.
2. Corporate status will increase power of the farmers to negotiate, borrow funds, agreements & tie-ups, etc.
3. Grouping of farmers will reduce buying costs of seeds, fertilizers, etc. due to bulk buying, minimize duplication of costs like transportation, marketing, labour, etc.
4. Income tax benefits
5. Subsidies & Govt. Schemes – POCRA, NABARD, etc.

WORK CAN BE DONE UNDER FPC (OBJECTIVES) –

1. Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary production of the Members
2. Processing including preserving, drying, distilling, brewing, vinting, canning, and packaging of the produce of its Members.
3. Manufacture, sale or supply of machinery, equipment or consumables mainly to its Members.
4. Providing education to its Members and others.
5. Rendering technical services, consultancy services, training, research and development
6. Generation, transmission, and distribution of power, revitalization of land and water resources, their use, conservation and communication relatable to primary produce
7. Insurance of producers or their primary produce
8. Financing of procurement, processing, marketing or other activities