More than 1,100 farmer producer organizations have achieved annual revenues exceeding one crore rupees under a government initiative targeting 10,000 such entities. The Agriculture Ministry reports that these collectives represent over three million farmers, with women comprising 40 percent of participants. Prime Minister Narendra Modi launched this program on February 29, 2020, allocating 6,865 crore rupees through 2027-28. Each organization receives 18 lakh rupees in management support over three years.
The government has distributed 254.4 crore rupees in equity grants to 4,761 organizations while providing 453 crore rupees in credit guarantees to 1,900 groups. These cooperatives enable small-scale producers to access larger markets and improve bargaining positions. The Small Farmers Agribusiness Consortium assists state governments in establishing these entities. Additional ministries contribute through specialized programs like the Spices Board's SPICED initiative, which supports spice producers and exporters across the agricultural value chain.
The government has distributed 254.4 crore rupees in equity grants to 4,761 organizations while providing 453 crore rupees in credit guarantees to 1,900 groups. These cooperatives enable small-scale producers to access larger markets and improve bargaining positions. The Small Farmers Agribusiness Consortium assists state governments in establishing these entities. Additional ministries contribute through specialized programs like the Spices Board's SPICED initiative, which supports spice producers and exporters across the agricultural value chain.
