Regarding the Farmer Producer Organizations (FPOs), consider the following statements:1. It is a centrally sponsored scheme.2. Implementing Agencies (IAs) are engaging Cluster-Based Business Organizations (CBBOs) to aggregate, register andamp; provide professional handholding support to each FPO for a period of 5 years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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Regarding the Farmer Producer Organizations (FPOs), consider the following statements:

1. It is a centrally sponsored scheme.

2. Implementing Agencies (IAs) are engaging Cluster-Based Business Organizations (CBBOs) to aggregate, register & provide professional handholding support to each FPO for a period of 5 years.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'B'. Can you explain this answer?

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Daily Current Affairs MCQ - March 2, 2021

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Regarding the Farmer Producer Organizations (FPOs), consider the follo...

Union Ministers for Agriculture celebrated the first anniversary of the Central Sector Scheme on "Formation & Promotion of 10,000 Farmer Producer Organizations (FPOs)".

The scheme was launched by Prime Minister on 29.02.2020 at Chitrakoot (Uttar Pradesh) with a budgetary provision of Rs 6865 crore.
FPOs will make farming more viable by aggregating land.
More than 2200 FPOs produce clusters have been allocated for the formation of FPOs in the current year, of which 100 FPOs for specialized Organic produce, 100 FPOs from Oilseeds & 50 commodity-specific FPOs with value chain development will be formed.
Implementing Agencies (IAs) are engaging Cluster-Based Business Organizations (CBBOs) to aggregate, register & provide professional handholding support to each FPO for a period of 5 years.
CBBOs will be the platform for an end to end knowledge for all issues related to FPO promotion.
FPOs will be provided financial assistance up to Rs 18.00 lakh per FPO for a period of 03 years.

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Regarding the Farmer Producer Organizations (FPOs), consider the following statements:1. It is a centrally sponsored scheme.2. Implementing Agencies (IAs) are engaging Cluster-Based Business Organizations (CBBOs) to aggregate, register & provide professional handholding support to each FPO for a period of 5 years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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