Odisha to allocate Rs 313 crore for stimulating FPOs

Bhubaneswar: The state government will allocate Rs 313.61 crore in five years for supporting the farmer producer organisations (FPOs) in Odisha.

A proposal in this regard got the approval of Odisha Cabinet headed by Chief Minister Naveen Patnaik today.

As per the Cabinet decision, the state government will allocate Rs 313.61 crore between 2023-24 fiscal and 2027-28 fiscal for implementation of ‘Support to Farmer Producer Organisations (FPOs)’ in Odisha.

“The scheme has been introduced with an objective of providing support to more than 1,000 FPOs in Odisha in next five years. At least 3 lakh farmers will be benefitted by the scheme,” said an official.

The scheme will support the FPO ecosystem in Odisha through credit linkage and financial, technical and infrastructural assistance, he added.

The scheme will facilitate market linkage and provide better income opportunities to the farmers of Odisha, said the official.

“The scheme will help farmers obtain remunerative price for the produces. It will also ensure socio-economic development of the small and marginal farmers of Odisha,” he added.

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