A decision has been made to establish 1,100 New Farmer Producer Organisations (FPOs) in the Cooperative Sector in order to accomplish Prime Minister Narendra Modi's vision of "Sahkar se Samriddhi".

According to a statement from the ministry of cooperation, the National Cooperative Development Corporation (NCDC) has been given these additional 1100 FPOs under the FPOs' Scheme. Each FPO is given financial support under the FPO Scheme in the amount of 33 lakh rupees. The Cluster Based Business Organisations are also given financial support in the amount of 25 lakh rupees each FPO.

The Primary Agricultural Credit Societies, which are largely involved in short-term credit and the distribution of seeds and fertiliser, will now be able to engage in various economic activities, including high income-generating ones like beekeeping and mushroom cultivation, the Ministry stated. By establishing the essential market linkages for farmers, this project will guarantee that they receive fair pricing for their produce.