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The Government established Small Farmers’ Agri-Business Consortium (SFAC) with an objective to
- Implement the National Agriculture Market (e-NAM) Electronic Trading platform
- Facilitate agri-business ventures by catalysing private investment
- Help the formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs)
Select the correct answer code:
- a)1, 2
- b)1, 3
- c)2, 3
- d)1, 2, 3
Correct answer is option 'D'. Can you explain this answer?
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The Government established Small Farmers’ Agri-Business Consorti...
Development Agency (SFDA) in order to provide support and assistance to small farmers. The SFDA aims to improve the productivity and profitability of small farmers through various programs and initiatives.
One of the main objectives of the SFDA is to provide small farmers with access to financial resources. The agency offers low-interest loans and grants to help small farmers invest in their farms and purchase necessary equipment and supplies. This financial support is crucial for small farmers who often struggle to secure funding from traditional sources such as banks.
In addition to financial support, the SFDA also provides technical assistance and training to small farmers. The agency organizes workshops and training programs on various topics such as crop cultivation techniques, livestock management, and sustainable farming practices. These training programs help small farmers improve their skills and knowledge, ultimately leading to increased productivity and profitability.
Another important role of the SFDA is to facilitate market access for small farmers. The agency assists small farmers in finding buyers for their products and helps them negotiate fair prices. The SFDA also works to connect small farmers with larger agricultural companies and organizations, creating opportunities for partnerships and collaborations.
The SFDA also plays a role in advocating for the rights and interests of small farmers. The agency works closely with government officials and policymakers to ensure that small farmers are represented in decision-making processes. The SFDA lobbies for policies and regulations that support small farmers and address their specific needs and challenges.
Overall, the establishment of the SFDA by the Government is a significant step towards supporting and empowering small farmers. By providing financial support, technical assistance, and market access, the agency is helping small farmers improve their livelihoods and contribute to the country's agricultural sector.
One of the main objectives of the SFDA is to provide small farmers with access to financial resources. The agency offers low-interest loans and grants to help small farmers invest in their farms and purchase necessary equipment and supplies. This financial support is crucial for small farmers who often struggle to secure funding from traditional sources such as banks.
In addition to financial support, the SFDA also provides technical assistance and training to small farmers. The agency organizes workshops and training programs on various topics such as crop cultivation techniques, livestock management, and sustainable farming practices. These training programs help small farmers improve their skills and knowledge, ultimately leading to increased productivity and profitability.
Another important role of the SFDA is to facilitate market access for small farmers. The agency assists small farmers in finding buyers for their products and helps them negotiate fair prices. The SFDA also works to connect small farmers with larger agricultural companies and organizations, creating opportunities for partnerships and collaborations.
The SFDA also plays a role in advocating for the rights and interests of small farmers. The agency works closely with government officials and policymakers to ensure that small farmers are represented in decision-making processes. The SFDA lobbies for policies and regulations that support small farmers and address their specific needs and challenges.
Overall, the establishment of the SFDA by the Government is a significant step towards supporting and empowering small farmers. By providing financial support, technical assistance, and market access, the agency is helping small farmers improve their livelihoods and contribute to the country's agricultural sector.
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The Government established Small Farmers’ Agri-Business Consorti...
The Government established Small Farmers’ Agri-Business Consortium (SFAC) as a Society in January 1994 to facilitate agri-business ventures by catalysing private investment through Venture Capital Assistance (VCA) Scheme in close association with financial institutions.
SFAC is an Autonomous Society promoted by Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Govt. of India”
It is registered under Societies Registration Act 1860. The role of State SFACs is to aggressively promote agribusiness project development in their respective States.
The main functions of SFAC are:
SFAC is an Autonomous Society promoted by Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Govt. of India”
It is registered under Societies Registration Act 1860. The role of State SFACs is to aggressively promote agribusiness project development in their respective States.
The main functions of SFAC are:
- Promotion of development of small agribusiness through VCA scheme.
- Helping formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs).
- Improving availability of working capital and development of business activities of FPOs/FPCs through Equity Grant and Credit Guarantee Fund Scheme.
- Implementation of National Agriculture Market (e-NAM) Electronic Trading platform.
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The Government established Small Farmers’ Agri-Business Consortium (SFAC) with an objective to Implement the National Agriculture Market (e-NAM) Electronic Trading platform Facilitate agri-business ventures by catalysing private investment Help the formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs)Select the correct answer code:a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?
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The Government established Small Farmers’ Agri-Business Consortium (SFAC) with an objective to Implement the National Agriculture Market (e-NAM) Electronic Trading platform Facilitate agri-business ventures by catalysing private investment Help the formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs)Select the correct answer code:a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The Government established Small Farmers’ Agri-Business Consortium (SFAC) with an objective to Implement the National Agriculture Market (e-NAM) Electronic Trading platform Facilitate agri-business ventures by catalysing private investment Help the formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs)Select the correct answer code:a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Government established Small Farmers’ Agri-Business Consortium (SFAC) with an objective to Implement the National Agriculture Market (e-NAM) Electronic Trading platform Facilitate agri-business ventures by catalysing private investment Help the formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs)Select the correct answer code:a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?.
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