Question
Which organization is responsible for managing the
Credit Guarantee Facility under the scheme? Paragraph for questions 14 and 15 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.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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