To have the Collective farmers under one roof with the help of Law ,
As per Companies Act 1956/2013
Shareholders :
Minimum 10 farmers or 2 Producer organizations Producing primary produce or their combination will come together and form Farmers producer company (FPC ) , ( Primary Produce Means: Farming ,Handicraft ,Fisheries and agro allied business) It is a farmers Private Limited Company .Farmers are the shareholders of Company ( need 7/12 extract as a proof) .
Benefits of FPC:
- Aim of FPC is to brings farmers under one roof collectively.
- To provide agro raw materials like seed ,fertilizers in affordable rates and give proper rate for produce of farmers.
- to incorporate modern techniques ,efficient use of water, training of modern techniques of farming.
- Farmers will have loan nearly 40 % of their Capital Contributed.
- For more shareholders Banks will provide loan upto 1 Lakh.
- FPC will sell produce under its Brand Name ,direct selling and avoiding middle men.
- Easy loan available from NABARD around 10 Lakhs without interest.
- Company can install solar plant , processing unit ,fisheries ,handicrafts around 70 different types of agro allied activities can be done.
For Example
- Sahayadri Farmers Producer Company Nashik ,export.
- Vanila India producer Company ,Kerala ,4 CR. turnover each year.
- Bhangar Producer Company Kolkata ,suppliers of Mother Diary.
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