Question
Which of the following statements are true regarding “Farmer Producer Organization” (FPO):
Select the correct answer using the code given below:
- It is a legal entity formed by farmers, fishermen, rural artisans etc.
- NABARD is providing support for promotion of FPOs
Select the correct answer using the code given below:
Answer: Option A
Answer: (a)
A Producer Organisation (PO) is a legal entity formed by primary producers, viz. farmers, milk producers, fishermen, weavers, rural artisans, craftsmen. A PO can be a producer company, a cooperative society or any other legal form which provides for sharing of profits/benefits among the members.
The main aim of PO is to ensure better income for the producers through an organization of their own. Farmers Producer Organization (FPO) is one type of PO where the members are farmers.
Small Farmers’ Agribusiness Consortium (SFAC) and NABARD are providing support for the promotion of FPOs.
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Answer: (a)
A Producer Organisation (PO) is a legal entity formed by primary producers, viz. farmers, milk producers, fishermen, weavers, rural artisans, craftsmen. A PO can be a producer company, a cooperative society or any other legal form which provides for sharing of profits/benefits among the members.
The main aim of PO is to ensure better income for the producers through an organization of their own. Farmers Producer Organization (FPO) is one type of PO where the members are farmers.
Small Farmers’ Agribusiness Consortium (SFAC) and NABARD are providing support for the promotion of FPOs.
Was this answer helpful ?
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