Consider the following statements regarding formation and promotion of Farmer Producers Organization (FPOs):1. It is a central sector scheme aims to establish 1 lakh FPOs in five years.2. It is implemented by District Rural Development Agency. Which of the statements given above is/are correct?

Q. Consider the following statements regarding formation and promotion of Farmer Producers Organization (FPOs):
1. It is a central sector scheme aims to establish 1 lakh FPOs in five years.
2. It is implemented by District Rural Development Agency.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: D

Notes:

formation and promotion of Farmer Producers Organization (FPOs) is a Central Sector Scheme under Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW).

Its objective is to establish 10,000 FPOs in five years period from 2019-20 to 2023-24 to ensure economies of scale for farmers.
It is implemented by- Small Farmers Agri-business Consortium (SFAC), National Cooperative Development Corporation (NCDC) and National Bank for Agriculture and Rural Development (NABARD).
Also, States can nominate their Implementing Agency in consultation with DAC&FW.

Source: PIB

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