In its first ever financial support to a Farmer Producer Organisation (FPO) in Haryana, NABARD today provided a sum of Rs 10 lakh to Karnal Vegetable Producer Company for setting up an agro service centre to make farm implements available to farmers on custom hiring basis.
NABARD has provided this support under Producer Organisation Development Fund (PODF) to a FPO, National Bank for Agriculture and Rural Development (NABARD), Chief General Manager DV Deshpande said here today.
Karnal Vegetable Producer Ltd is registered as a company with about 700 farmers as members of Karnal district who are engaged in vegetable production.
NABARD has sanctioned a total sum of Rs 14 lakh to FPO.
"The first installment to this FPO is for setting up of the agro service centre which will make available agricultural implements like laser land leveller, sowing machines, tractor etc to farmers on custom hiring basis," he said.
The Centre has entrusted NABARD to facilitate promotion of 2,000 producers' organisations in the next two years in the country.
Deshpande also said a Post Harvest Management Centre is being planned for this FPO for ensuring better quality of vegetables and more remunerative prices to the farmers.
Haryana State Horticulture Department has taken initiative to set up 14 FPOs in the state in different districts.
