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of <h1>India to Form 10,000 New Farmer Producer Organisations by 2028 with Rs. 6,865 Crore Budget.</h1> The government announced the formation of 10,000 new Farmer Producer Organisations (FPOs) over five years, as part of the Union Budget 2019-20, to enhance economies of scale for farmers. A new Central Sector Scheme with a budget of Rs. 4,496 crore for 2019-24 and an additional Rs. 2,369 crore for 2024-28 supports this initiative. Currently, there are about 6,000 FPOs in India, with 4,317 promoted by the National Bank for Agriculture and Rural Development (NABARD). The PRODUCE Fund, established in 2014-15 with Rs. 200 crore, has supported the creation of 2,154 FPOs.
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