Produce Fund Project:-

NABARD has taken an initiative for supporting producer organizations, adopting a flexible approach to meet the needs of producers. In order to give a special focus, the “Producers Organization Development Fund”(PODF) has been set up wef 01 April 2011, with an initial corpus of 50 crore . Any registered Producers Organization viz, Producers Company( as defined under Sec 581 A in part IXA of Company’s Act 1956), Producers Cooperatives, registered Farmer Federations, MACS (Mutually aided cooperative society), industrial cooperative societies, other registered federations, PACS, etc. set up by producers are eligible under the fund. Support under PODF is provided as under: Credit Support is provided for financial intervention. Support in the form of grant, loans, or a combination of these is also available for capacity building & market interventions. Since most of the Producers Organisations are having low capital base, scope for NABARD's intervention under PODF has been enhanced to support Producers Organisations for contribution to share capital.

Producers Organization – Definition

An organization will be called a Producers Organization if

It is formed by a group of producers for either farm or non-farm activities.
It is a registered body, and a legal entity.
Producers are shareholders in the organization.
It deals with business activities related to the primary produce/product.
It works for the benefit of the member producers.
Portions of profit are shared amongst the producers and the balance goes to the share capital or reserves.

NABARD financially assisted our organization to promote 2 FPOs in Udham Singh Nagar district of Uttarakhand.

Details are as follow -

S.No Name of FPO Registration status Village Block District
1. ISD Krishi utpadak sangh Audali 10, 23.09.2015 Audali Sitarganj U.S.Nagar
2. ISD Dairy utpadak sangh Bhanga 25, 24.09.2015 Bhanga Rudrapur U.S.Nagar

Activities conducted under produce Fund Project

Cluster Identified.
Base line survey has been completed and computerized.
Board of Directors has been finalized.
FPO registration has been done under co-oprative Act.
CEO has been appointed.
Exposure Visit of FPO has been done.

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