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    Question

    In the year 2020, the Government of India initiated the

    Central Sector Scheme for "Formation and Promotion of 10,000 Farmer Producer Organizations (FPOs)" with a total budget allocation of:
    A Rs. 1000 Crores Correct Answer Incorrect Answer
    B Rs. 5000 Crores Correct Answer Incorrect Answer
    C Rs. 6865 Crores Correct Answer Incorrect Answer
    D Rs. 3000 Crores Correct Answer Incorrect Answer
    E Rs. 2000 Crores Correct Answer Incorrect Answer

    Solution

    The Government of India has launched the Central Sector Scheme for “Formation and Promotion of 10,000 Farmer Producer Organizations (FPOs)” in the year 2020 with a total budgetary outlay of Rs.6865 Crores which will enable farmers to enhance their bargaining power, leverage economies of scale, reduction in cost of production and enhancing farmers’ incomes through aggregation of their agricultural produce, thus playing a major role towards sustainable incomes.

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