kissandhan: Agri finance firm Kissandhan eyes 15% of Farmers Producer Organisation enterprise, indicators up 4 FPOs in West Bengal

Multi-asset agri finance firm Kissandhan and a subsidiary of the SLCM Group, is eyeing 15% of Farmers Producer Organisation (FPO) enterprise from West Bengal. As a part of the technique, the corporate has signed round 4 FPOs just lately protecting a small and marginal farmer base of greater than 4000 in West Bengal and disbursed Rs 1 crore of mortgage to them.

With central authorities’s concentrate on growing FPOs in India, they’re developing in an enormous method. Final yr, the federal government had accepted and launched the Central Sector Scheme of “Formation and Promotion of 10,000 Farmer Producer Organizations (FPOs)” to setup and promote 10,000 new FPOs until 2027-28 with a complete budgetary outlay of Rs.6865 Cr.

Kissandhan has began its FPO enterprise in June 2021. At the moment the corporate has greater than 48 FPOs throughout the nation via which it is ready to affect the livelihoods of 47,000+ Small Holder Farmers. Kissandhan is focusing on to tie-up with 100 FPOs which can additional affect the livelihoods of 75000 to 1 lakh small holder farmers by the tip of present monetary yr. Out of 100, the corporate is anticipating 15 FPOs will likely be from West Bengal.

Kissandhan needs to affect livelihoods of greater than 15000 small and marginal farmers of West Bengal throughout FY22-23 by offering lending facility to the FPOs in the direction of provide of inputs (seeds, fertilizers, pesticides) to the farmers throughout sowing time. And likewise to make instantaneous availability of the funds to the farmers throughout harvesting season.

The corporate has focused Mednipur – East and Mednipur West within the first part and can discover the chance in different cities of Bhardhaman, North and South Parganas within the second part. Together with exploring the potential of FPOs within the State, the corporate can also be strengthening its enterprise workforce throughout West Bengal.

The corporate has disbursed greater than Rs.2600 cr as on thirty first Oct’22. The corporate is RBI regulated non-banking finance firm (NBFC) and christened as “Kissandhan” based mostly out at Delhi and having protection in states like Maharashtra, MP, UP, Rajasthan, Orissa, WB, Bihar and Gujarat.

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