With reference to the Farmer Producer Organizations FPOs consider the following statements It is a c...........

Economic Affairs Agricultural Marketing and Prices

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With reference to the Farmer Producer Organizations (FPOs), consider the following statements

It is a centrally sponsored scheme.
Implementing Agencies (IAs) are engaging Cluster-Based Business Organizations (CBBOs) to aggregate, register & provide professional handholding support to each FPO for a period of 5 years.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Union Ministers for Agriculture celebrated the first anniversary of the Central Sector Scheme on "Formation & Promotion of 10,000 Farmer Producer Organizations (FPOs)".

The scheme was launched by Prime Minister on 29.02.2020 at Chitrakoot (Uttar Pradesh) with a budgetary provision of Rs 6865 crore.
FPOs will make farming more viable by aggregating land.
More than 2200 FPOs produce clusters have been allocated for the formation of FPOs in the current year, of which 100 FPOs for specialized Organic produce, 100 FPOs from Oilseeds & 50 commodity-specific FPOs with value chain development will be formed.
Implementing Agencies (IAs) are engaging Cluster-Based Business Organizations (CBBOs) to aggregate, register & provide professional handholding support to each FPO for a period of 5 years.
CBBOs will be the platform for an end to end knowledge for all issues related to FPO promotion.
FPOs will be provided financial assistance up to Rs 18.00 lakh per FPO for a period of 03 years.

Hence only statement 2nd is correct.