The Himachal Pradesh State Co-operative Bank Ltd.
Agriculture sector is the prominent sector in the Indian economy. Agriculture, with its allied sectors, is the largest source of livelihood in India. Apart from this, it has contributed a significant figure to the Gross Domestic Product (GDP) of the country. Agriculture is taken up by the majority of poor rural mass who own small and fragmented land holdings.The basic rationale for the development of FPOs is that the agriculture being an unorganised sector, is faced with number of challenges. There are several problems faced by the farmers such as fragmented and small size of land holding of farmers, unavailability of access to procure seeds and agricultural inputs, modern technology for enhancing the productivity of the crops, transportation cost which sometimes lead to mental harassment of farmers.It will not only increase the income of the farmers but will improve their standard of living, will be able to provide job avenues to the unemployed youth of the village and will boost the rural economy. Because of its importance in rural economy, the present Government policies intends to enhance the farmer’s income through a flagship programme of “Doubling of Farmers Income”. One of the main strategies suggested in this document is aggregation of farmers into Farmer Producer Organizations. The Government of India has decided to promote 10,000 FPOs over next five years i.e. up to 2027-28.
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