Daily Current Affairs on National Mega Conclave on FPO in Cooperative Sector for NDA Exam Preparation

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National Mega Conclave on FPO in Cooperative Sector

Union Home Minister and Minister of Cooperation Amit Shah today inaugurated the National Mega Conclave on Farmers Producer Organisation, FPO in the cooperative sector and released the action plan for formation of 1,100 new FPOs by Primary Agricultural Credit Societies in New Delhi.

The Union Minister of Cooperation has addressed the National Mega Conclave on Farmer Producer Organisations (FPO) in the cooperative sector.

The minister also released an action plan for the formation of 1,100 new FPOs by Primary Agricultural Credit Societies (PACS).

Highlights from the Address of the Minister

On Cooperatives sector in India: Cooperatives in India can be divided into three categories:

  1. states, where the cooperative movement has been successful in advancing and strengthening itself
  2. states, where the cooperative movement is still going on and
  3. States, where the cooperative movement is almost dead.
  • About 65 crore people in India are engaged in agriculture. Hence, it is important to revive the cooperative movement, modernize it, bring transparency in it and aim to achieve new heights.
  • On FPOs: The idea of Farmer Producer Organisations (FPO) was conceived in 2003 by the Yogendra Alagh Committee.
  •  Currently, 11,770 FPOs are working in the country and through these and through these, lakhs of farmers of the country have been successful in increasing their income.

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