With the focus of the central government on increasing FPOs in India, they are coming to the fore in a big way. Last year, the government approved the Central Sector Scheme of “Formation and Promotion of 10,000 Farmer Producer Organizations (FPOs)” to establish and promote 10,000 new FPOs by 2027-28 with a total budgetary outlay of Rs. was launched.
KisanDhan has started its FPO business in June 2021. Presently the company has more than 48 FPOs across the country, through which it has been able to impact the livelihood of 47,000+ smallholder farmers. KisanDhan aims to tie up with 100 FPOs which will further impact the livelihood of 75000 to 1 lakh smallholder farmers by the end of the current financial year. The company expects 15 out of 100 FPOs to be from West Bengal.
KisanDhan seeks to impact the livelihood of more than 15,000 small and marginal farmers of West Bengal during the financial year 2012-23 by providing credit facilities to FPOs for supply of inputs (seeds, fertilizers, pesticides) to farmers at the time of sowing. Can go Also to ensure immediate availability of funds to the farmers during the harvesting season.
The company has targeted Medinipur- East And Medinipur West Will explore opportunities in the first phase and in other cities Bhardhaman, North and South Parganas in the second stage. Apart from exploring FPO opportunities in the state, the company is also strengthening its business team across West Bengal.
The company has disbursed more than Rs 2600 crore till 31st October,22. company is reserve Bank of India Regulated Non-Banking Finance Company (NBFC) and named as “KisanDhan” based in Delhi and having coverage in states like Maharashtra, MP, UP. Rajasthan, OrissaWest Bengal, Bihar and Gujarat.