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Labrish
Nyuuz
Over 5 million farmers cash in as FPOs drive big gains across India
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[QUOTE="Munyaradzi Mafaro, post: 58400, member: 636"] Government data reveals that more than five million farmers have purchased equity stakes in agricultural cooperatives across India during recent years. These farmer-producer organizations have grown to exceed 10,000 entities nationwide, creating substantial economic benefits for rural communities. Women represent thirty-eight percent of all participants in these collective enterprises. Small and marginal farmers gain access to reduced input costs through bulk purchasing power. The cooperatives enable members to secure better prices for fertilizers, equipment, and crop protection materials. Five states dominate participation levels, with Telangana leading at 670,000 shareholders, followed by Uttar Pradesh and Andhra Pradesh. The federal government allocated Rs 6,865 crore over five years starting in February 2020 to establish these organizations. Collective revenues reached Rs 15,282 crore during the current fiscal year. More than 1,100 organizations have achieved annual turnovers exceeding Rs 1 crore, while thousands hold licenses for seed and fertilizer distribution across rural markets. [/QUOTE]
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Labrish
Nyuuz
Over 5 million farmers cash in as FPOs drive big gains across India
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