Aiming to augment agricultural income by helping farmers trade in their produce, Prime Minister Narendra Modi today launched 10,000 Farmers Producer Organisations (FPO) all over the country.
Addressing the launch ceremony at Chitrakoot district in Uttar Pradesh, Modi said the government would spend Rs 5,000 crore in the next five years to strengthen FPOs for the benefit of farmers.
“The farmers have always been producers, but with the help of FPOs, they can now trade in farm produce. They will sow crop and also act as skillful traders to get the right prices,” he observed.
On the occasion, he also