Union Home and Cooperation Minister Amit Shah will inaugurate a day-long mega conclave “Strengthening PACS through FPOs” in New Delhi on 14th of this month. The conclave is aimed at discussing ways to strengthen Primary Agricultural Credit Societies (PACS) through Farmer Producer Organisations (FPOs).

According to the Cooperation Ministry, the conclave will witness the participation of experts from the sector as well as members from the FPOs.

In order to realize Prime Minister Narendra Modi’s vision of Sahkar se Samriddhi and with the efforts of Cooperation Minister Amit Shah, a decision was taken recently to form 1100 new FPOs in the Cooperative sector.

Under the FPOs scheme, financial assistance of 33 lakh rupees is provided to each FPO. Further, financial assistance of 25 lakh rupees per FPO is given to the Cluster-Based Business Organizations (CBBOs) for promoting and handholding the FPOs.