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Consider the following statements about Small Farmers Agribusiness Consortium (SFAC)
1. It is registered as a Non-Banking Financial Institution
2. ‘Equity Grant Scheme’ is being operated by SFAC
3. It is one of the Central Procurement Agencies under Price Stabilization Fund
Select the correct statements
1&2 only
2&3 only
All the above
2 only
Small Farmers Agribusiness Consortium (SFAC) •Society promoted by Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Govt. of India •It is registered as Non-Banking Financial Institution by Reserve Bank of India. •President - Hon’ble Union Minister for Agriculture and Farmers Welfare •Vice President - Secretary, Department of Agriculture, Cooperation and Farmers Welfare •SFAC is endowed with the task of implementation of National Agriculture Market by setting up of an appropriate common e-market platform through private partnership that would be deployable in selected regulated wholesale markets in State/wholesale markets in States/Union Territories (UT) desirous of joining the e-platform. •SFAC has been identified as central procurement agency by GoI for price stabilization of onion and pulses under Price Stabilization Fund. The role of State SFACs is to aggressively promote agribusiness project development in their respective States. Equity Grant and Credit Guarantee Fund Scheme for Farmer Producer Companies Equity Grant Scheme is being operated by Small Farmers Agri Business Consortium (SFAC) Objectives – •Enhancing viability and sustainability of FPCs •Increasing credit worthiness of FPCs •Enhancing the shareholding of members to increase their ownership and participation in their FPCEquity Grant shall be a cash infusion equivalent to the amount of shareholder equity in the FPC subject to a cap of Rs. 10 lakh per FPC.
By: Shubham Tiwari ProfileResourcesReport error
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