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Over 200 FPOs given credit guarantee cover of Rs 67.91 crore in last 7 years: Narendra Singh Tomar

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In 2013-14 fiscal, the government through Small Farmers’ Agribusiness Consortium (SFAC) had created the 100 crore Credit Guarantee Fund to finance the project load of FPOs.


The government has extended credit guarantee cover of Rs 67.91 crore to more than 200 farmer producer organisations (FPOs) in the last seven years, Parliament was informed on Friday.

In 2013-14 fiscal, the government through Small Farmers’ Agribusiness Consortium (SFAC) had created the 100 crore Credit Guarantee Fund to finance the project load of FPOs.

"Till date, 202 farmer producer companies (also called FPOs) have been extended credit guarantee cover amounting to Rs 67.91 crore," Agriculture Minister Narendra Singh Tomar said in a written reply to the Rajya Sabha.

The minister further said the Centre has created a credit guarantee cover with the National Bank for Agriculture and Rural Development (NABARD) as part of the central scheme that aims to establish and promote 10,000 FPOs across the country.

Also Read :- Govt buys 291 lakh tonnes of paddy for Rs 57,032 crore so far in 2021-22 kharif marketing year

Since 2011-12 to date, Tomar said SFAC has promoted 1,340 FPOs and mobilised 9.83lakh farmers as member beneficiaries. Further, NABARD has promoted 5,758 FPOs by mobilising 15.95lakh farmers as members, he added.

Govt buys 291 lakh tonnes of paddy for Rs 57,032 crore so far in 2021-22 kharif marketing year

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A quantity of 290.98 lakh tonnes of paddy has been procured in KMS 2021-22 till November 30. "Till now about 18.17 lakh farmers have been benefitted with MSP value of Rs 57,032.03 crore," the statement said


The government has procured paddy worth Rs 57,032 crore so far in the 2021-22 kharif marketing season. "The paddy procurement is progressing smoothly in Kharif Marketing Season (KMS) 2021-22 at MSP from farmers, as was done in previous years," an official statement said.

A quantity of 290.98 lakh tonnes of paddy has been procured in KMS 2021-22 till November 30. "Till now about 18.17 lakh farmers have been benefitted with MSP value of Rs 57,032.03 crore," the statement said.

Kharif marketing season runs from October to September. In Uttar Pradesh, about 14.72 crore National Food Security Act (NFSA) beneficiaries are covered under the PM Garib Kalyan Anna Yojana (PM-GKAY).

Also Read:- World food prices climb in November, stay at 10-year peak: FAO

In Uttar Pradesh, about 14.72 crore National Food Security Act (NFSA) beneficiaries are covered under the PM Garib Kalyan Anna Yojana (PM-GKAY). Separately, the government said that under the PM-GKAY scheme, the food ministry had allocated a total of almost 139.14 lakh tonnes of foodgrains to Uttar Pradesh, incurring an estimated total subsidy of Rs 43,335 crores.

In the wake of economic disruptions caused by the outbreak of COVID-19, the government in March 2020 had announced the distribution of free-of-cost foodgrains to about 80 crore National Food Security Act (NFSA) beneficiaries at the scale of five kilogram per person per month under PM-GKAY.

This was over and above the regular monthly entitlements of foodgrains to ration card holders.

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