Question

    Which organization is responsible for managing the

    Credit Guarantee Facility under the scheme? Paragraph The Indian government has initiated the formation and promotion of 10,000 Farmer Producer Organisations (FPOs) to empower small and marginal farmers. This scheme aims to enhance farmers' income by providing them with better access to inputs, technology, and markets. FPOs are expected to function as collective business entities that enable farmers to negotiate better prices, reduce costs, and improve profitability. Launched under the Ministry of Agriculture and Farmers' Welfare, the initiative is part of the government's broader strategy to double farmers' income by 2022. This program also emphasizes capacity building and technical support to ensure the sustainability of these organizations.
    A Food Corporation of India (FCI) Correct Answer Incorrect Answer
    B National Bank for Agriculture and Rural Development (NABARD) Correct Answer Incorrect Answer
    C Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    D Ministry of Finance Correct Answer Incorrect Answer
    E Life Insurance Corporation of India (LIC) Correct Answer Incorrect Answer

    Solution

    The Credit Guarantee Facility under the scheme is managed by NABARD and the National Cooperative Development Corporation (NCDC), providing collateral-free credit to FPOs.

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