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Jaldega Agro Producer Compny Ltd ,Gov. of India promoted FPO

IMG_20230602_175655
Managing Director Rajani Kumari
IMG-20230602-WA0089

Joint Managing Director
Deepak ckike Baraik

CEO
SONU SINGH

It is one type of Producer Organization where the members are farmers. Small Farmers’ Agribusiness Consortium (SFAC) is providing support for promotion of FPOs .

Implementing Agencies will set up Cluster-Based Business Organizations (CBBOs) at the State/Cluster level to form and promote FPOs. The roles and responsibilities of CBBOs are as follows:

  • a. Cluster identification
  • b. Community mobilization – baseline survey, cluster finalization, value chain study, formation of groups and FPO and assist in their periodic meetings
  • c. Registration of FPOs and training of BODs on roles, responsibilities, management and also capital/ equity mobilization
  • d. Training and capacity buildings of FPOs/farmer groups
  • e. Encourage and promote social cohesiveness amongst members of FPOs
  • f. Preparation and execution of Business Plans, incubation/ handholding services for long-term sustainability of FPO
  • g. Facilitate establishment of necessary common pool production, marketing and processing infrastructure facility by the FPO.

The following support is available to the POs from the Small Farmers Agribusiness Consortium (SFAC):

  • 1. FPO Management Cost: Under the scheme, financial support to FPOs up to maximum of INR 18 Lakhs per FPO or actual, whichever is lesser is to be provided during 3 years from the year of formation
  • 2. Equity Grant in the form of matching grant upto INR 2,000/- per farmer member of FPO subject to maximum limit of INR 15 Lakhs fixed per FPO
  • 3. Credit Guarantee Fund Support. Details are available at www.sfacindia.com

All Producer Companies shall mandatorily apply for PAN, TAN, GSTIN and Profession Tax registration at the time of incorporation. POs registered as co-operative societies are also required to obtain PAN, TAN and GSTIN (where turnover in a financial year exceeds INR 20 Lakhs).
Since the FPOs are not engaged in either the primary or secondary agricultural activities, it cannot avail the exemption available for agricultural income under Section 10(1) of the Income Tax Act, 1961.
FPOs registered as co-operative societies enjoy income tax relief under Section 80P of the Income Tax Act, 1961. Profits and gains of primary cooperative societies from the prescribed activities under Section 80Pare deductible in the computation of its total income.
Similarly, under Section 80PA of the Income Tax Act, 1961, 100% of the profits and gains from the following businesses of any Producer Company having turnover up to INR 100 Crores in the preceding year, are deductible in the computation of its total income:

  • a. the marketing of agricultural produce grown by the members or
  • b. the purchase of agricultural implements, seeds, livestock or other articles intended for agriculture for the purpose of supplying them to the members or
  • c. the processing of the agricultural produce of the members.
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Jaldega Agro Producer Compny Ltd ,Gov. of India promoted FPO

Suppurted By

Supported by ,Small Farmers’ Agri-Business Consortium

"Society promoted by Department of Agriculture and Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Govt. of India

CBBO , Bhartiya Lok Kalyan Sansthan

It is an non government organisation , which has been selected by SFAC as a cluster based business organization, which will assist in the development of Jaldega Agro Producer Company Limited.

Farmer Producer Organisation

It is one type of Producer Organization where the members are farmers. Small Farmers’ Agribusiness Consortium (SFAC) is providing support for promotion of FPOs . CSS 10K FPO

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