Small Farmers Agribusiness Consortium

SFAC was started in 1994 as a self-governed body by the Indian Ministry, specifically by the “Agriculture and Farmers’ Welfare” department. The project’s main objective is to ensure income and employment for all the marginal and small-scale farmers. Furthermore, the project is started to provide more bargaining power to the farmers. The project’s main mission is to provide technology to marginal and small-scale farmers. Furthermore, farmers’ associations should be increased by arranging linkages with the corporate and private sectors. The main schemes offered by SFAC involve Equity Grant and FPCs to help the farmers improve their economic condition. 

What is a Small Farmers Agribusiness Consortium?

The Indian Ministry develops SFAC to focus on the welfare of marginal and small-scale farmers through the development and aggregation of agricultural business. It can be mentioned that SFAC is responsible for pioneering the formation of FPC, also known as “Farmer Producer Companies.” The FPC is created to monitor the progress of the SFAC scheme. Another popular scheme of SFAC involves the VCA (Venture Capital Assistance) scheme, and the main role of this scheme includes creating marketing linkages and processing value-added services. It also promotes the small agricultural business, also known as agribusiness. 

SFAC was started in 1994 as a self-governed body by the Indian Ministry, specifically by the “Agriculture and Farmers’ Welfare” department. The project’s main objective is to ensure income and employment for all the marginal and small-scale farmers. Furthermore, the project is started to provide more bargaining power to the farmers. The project’s main mission is to provide technology to marginal and small-scale farmers. The main schemes offered by SFAC involve Equity Grant and FPCs to help the farmers improve their economic condition. 

SFAC Small Farmers Agribusiness Consortium

The SFAC scheme has been developed to maintain multiple objectives 

• Environmental sustainability
• Social Equity
• Economic stability and efficiency

This scheme is mainly to develop agricultural business and improve the farmers’ economic condition. In India, agriculture is one of the important lifestyles or sources of income for several people; however, the agricultural business is monopolised by third-party vendors, and the farmers face huge losses. Hence, the scheme is developed to create direct contact with the farmers to the customers. The project’s main objective is to ensure income and employment for all the marginal and small-scale farmers.

Furthermore, the project is started to provide more bargaining power to the farmers. The project’s main mission is to provide technology to marginal and small-scale farmers. Furthermore, farmers’ associations should be increased by arranging linkages with the corporate and private sectors. The main schemes offered by SFAC involve Equity Grant and FPCs to help the farmers improve their economic condition. 

Small Farmers Agribusiness Consortium UPSC

The main significance of the project involves growth and employment for farmers and developing the agricultural business. To meet these objectives, the Ministry developed several schemes and collaboration. The first scheme or collaboration involves e-marketing with the help of the e-NAM platform. This platform specifically creates partnerships that would help initiate modern marketing and wholesale business for the farmers. The farmers usually suffer huge losses due to third-party vendors’ involvement. Hence, direct marketing or direct contact with farmers and consumers is essential. It will promote fair price distribution as well. 

The second scheme involves the VCA scheme, also known as the “Venture Capital Assistance” scheme. The main role of the scheme is to provide loans that are mostly free of interest or any additional fee. In addition, the VCA scheme is responsible for setting up businesses for the farmers and providing them maximum support. 

The third scheme is the Equity Grant scheme, and the main objective of the scheme is to ensure sustainability and equality within the FPCs. It is also responsible for increasing ownership for the farmers and ensuring third-party vendors do not violate their businesses. 

Conclusion

The main significance of the project involves growth and employment for farmers and developing the agricultural business. To meet these objectives, the Ministry developed several schemes and collaboration. The first scheme or collaboration involves e-marketing with the help of the e-NAM platform. This platform specifically creates partnerships that would help initiate modern marketing and wholesale business for the farmers. The farmers usually suffer huge losses due to third-party vendors’ involvement. Hence, direct marketing or direct contact with farmers and consumers is essential. It will promote fair price distribution as well.