NABARD has taken an initiative for supporting producer organizations (POs), adopting a flexible approach to meet the needs of producers. In order to give a special focus, “Producers Organization Development Fund” (PODF) has been set up w.e.f. 01 April 2011, with an initial corpus of Rs. 50 crore.
Any registered PO 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 from the Fund.
Support under PODF is provided as under:
- Loan-linked grant support is available to the FPOs for promotion, capacity building & market interventions.
- Grant assistance to eligible agencies for organizing / conducting workshops, meetings, round table meetings, special studies, IT-based interventions, etc. is also available without linking to availing institutional loan.