Farmers are getting 15 lakh rupees to set up business, know what is the scheme here

By

Himansh

PM Kisan FPO Yojana 2024: The government has many useful schemes to help farmers earn more money and help them in their future. One of them is the Pradhan Mantri Kisan Samman Nidhi Yojana. This scheme gives Rs 6,000 every year to the farmers from the central government. Many farmers across the country are benefiting from this.

Now, there is another great scheme called PM Kisan FPO Yojana 2024. Under this scheme, the government gives Rs 15 lakh to a group of 11 farmers called Farmer Producer Organizations (FPO). This money helps them to start a farming related business. If you want to know more about PM Kisan FPO Scheme 2024 then read this article till the end.

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PM Kisan FPO Yojana

Under PM Kisan FPO Yojana 2024, organizations must meet certain criteria to qualify. In the plain areas, the organization must have at least 300 farmers, while in the hilly areas at least 100 farmers must be involved. To avail the benefits of this scheme, farmers from across the country have to apply. Through this initiative, farmers of these organizations get access to various benefits.

They secure markets for their produce, simplifying the purchase of essential commodities such as fertilizers, seeds and agricultural equipment. Importantly, this scheme frees farmers from middlemen, ensuring that they get a fair price for their crops. By promoting farmer producer organizations (FPOs), the government aims to empower farmers economically, promote self-reliance and reduce dependence on middlemen in the agriculture sector.

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What is an FPO

FPO, or Farmer Producer Organization, is a group registered under the Companies Act that works in the best interest of farmers. These organizations will receive support through the PM Kisan FPO Yojana, which includes a government grant of Rs 15 lakh. This initiative expands opportunities for farmers, essentially turning farming into a commercial venture.

Objective of PM Kisan FPO Yojana 2024

You must be aware that many farmers in our country struggle financially and are not able to earn much from farming. To help these farmers, the central government launched PM Kisan FPO Yojana 2024. Under this scheme, the government gives Rs 15 lakh to each Farmer Producer Organization (FPO).

The main goal is to improve the agriculture sector and boost the income of farmers. The scheme aims to treat farming like a business, so that farmers can benefit in a similar way. It is all about supporting farmers and ensuring that they earn better through initiatives like the Pradhan Mantri Kisan FPO Yojana 2024.

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Who are eligible for PM Kisan FPO Yojana 2024

To qualify for PM Kisan FPO Yojana 2024, certain conditions must be met:

Farmer by profession: The person applying must work as a farmer.

Indian citizenship: Only Indian citizens are eligible for this scheme.

Minimum membership: In a plain area, a Farmer Producer Organization (FPO) must have at least 300 members. In hilly areas, this requirement for a Special Producer Organization (SPO) comes down to 100 members.

Ownership of agricultural land: The FPO must own its agricultural land. Additionally, it is mandatory for FPO members to be actively involved in the group.

Documents required for PM Kisan FPO Yojana 2024

Aadhaar card

Proof of address

Land documents

Ration card

Income certificate

Passport size photo

Bank account details

Mobile number

Benefits of PM Kisan FPO Yojana 2024

PM Kisan FPO Yojana 2024 provides benefits to farmers across the country. The central government provides financial assistance of Rs 15 lakh to Farmer Producer Organizations (FPO) within three years. At least 300 farmers must be involved for an FPO in the plains, while 100 farmers are required in hilly areas.

Only then will they be able to get the benefit of the scheme. Additionally, farmers associated with these organizations get access to markets for their produce and can easily purchase fertilizers, seeds, medicines, and agricultural equipment. Those willing to benefit from this scheme must apply accordingly.

How to Apply for PM Kisan FPO Yojana 2024

Visit the official website of National Agriculture Market.

Click on the “FPO” option on the homepage.

Look for the registration option and click on it.

A registration form will appear. Fill in these details:

Registration Type

Registration Level

Full Name

Gender

Address

Date of Birth

Pin Code

District

Photo ID Type

Mobile Number

Email ID

Company Name

State

Tehsil

Photo Identification Number

Alternate Mobile Number

License Number

Company Registration Details

Bank Name

Account Holder Name

Bank Account Number

IFSC Code

Scan and upload your passbook or cancelled cheque and ID proof.

Click on the “Submit” button.

Your application for the FPO scheme will be successfully submitted.

Himansh के बारे में
Himansh With 3 years of experience as a content writer, Himansh crafts informative and engaging articles across a wide range of topics. His expertise spans personal finance, government schemes (Yojana), the latest automotive news, ever-changing technological trends, and the dynamic business world. Himansh's ability to adapt his writing style to each subject ensures his readers receive clear and valuable information, regardless of the category. Read More
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