CURRENT AFFAIRS

Detailed explanation-1: -The Government has rolled out a number of new initiatives like Soil Health Card Scheme, Neem Coated Urea, Paramparagat Krishi Vikas Yojana (PKVY), Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), National Agriculture Market (e-NAM), Pradhan Mantri Fasal Bima Yojana (PMFBY) and Interest Subvention Scheme.

Detailed explanation-2: -FPOs will be provided financial assistance upto Rs 18.00 lakh per FPO for a period of 03 years, matching equity grant upto Rs. 2, 000 per farmer member of FPO with a limit of Rs. 15.00 lakh per FPO and a credit guarantee facility upto Rs. 2 crore of project loan per FPO.

Detailed explanation-3: -As per the rules, any group of farmers with a minimum of 11 members can form an FPO. An FPO can also be grouped by ten producers or several more than ten producers with a minimum paid-up capital of ₹1 lakh. A few eligibility requirements must be met to form a farmer producer organisation to be eligible for an FPO.

Detailed explanation-4: -A PO is a collective of farmers (and non-farmers) who are the primary producers of a product (an agricultural produce or a manufactured product). It, therefore, can work as a platform to facilitate better access to government services, like PDS, MNREGA, Scholarships and Pensions, etc.