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Nabard Chairman comes calling; NCDC to help set up 8000 FPOs

Nabard Chairman Dr GR Chintala visited NCDC headquarters last week and met its Managing Director Sundeep Nayak. The aim of the meeting was to boost the formation of Farmers Producer Organization (FPO) across states. Briefing about the content of the meeting, NCDC Managing Director said to Indian Cooperative that NCDC and Nabard are going to help form thousands of FPOs across India. We aim to set up 8000 FPOs, Nayak added.
There will be a Credit Guarantee Fund of up to Rs 1,000 crore in NABARD with equal contribution by DAC&FW and NABARD and Credit Guarantee Fund of Rs.500 crore in NCDC with equal contribution by DAC&FW and NCDC for providing suitable credit guarantee cover to accelerate flow of institutional credit to FPOs by minimising the risk of financial institutions for granting loan to FPOs. ....

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Nabard Chairman comes calling; NCDC to help set up 8000 FPOs

Nabard Chairman Dr GR Chintala visited NCDC headquarters last week and met its Managing Director Sundeep Nayak. The aim of the meeting was to boost the formation of Farmers Producer Organization (FPO) across states. Briefing about the content of the meeting, NCDC Managing Director said to Indian Cooperative that NCDC and Nabard are going to help form thousands of FPOs across India. We aim to set up 8000 FPOs, Nayak added.
There will be a Credit Guarantee Fund of up to Rs 1,000 crore in NABARD with equal contribution by DAC&FW and NABARD and Credit Guarantee Fund of Rs.500 crore in NCDC with equal contribution by DAC&FW and NCDC for providing suitable credit guarantee cover to accelerate flow of institutional credit to FPOs by minimising the risk of financial institutions for granting loan to FPOs. ....

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