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The Government established Small Farmers’ Agri-Business Consortium (SFAC) with an objective to
  1. Help the formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs)
  2. Facilitate agri-business ventures by catalysing private investment
  3. Implement the National Agriculture Market (e-NAM) Electronic Trading platform
How many of the above statements is/are correct?
  • a)
    Only one 
  • b)
    Only two 
  • c)
    All three 
  • d)
    None
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
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:
  • 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 Help the formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs) Facilitate agri-business ventures by catalysing private investment Implement the National Agriculture Market (e-NAM) Electronic Trading platformHow many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer?
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