Due\nto the fragmentation of land holdings and a lack of post-harvest processing\nfacilities, most Indian farmers struggle to obtain the best price for their\nproduce. With landholdings of less than 2 hectares, most farmers, which\nconstitute \u2014 85% of the country’s 12.5 crore farmer households\u2014are small and\nmarginal farmers. Farmland fragmentation causes disorder, making it impractical\nfor Indian farmers to employ cutting-edge technology. In this blog, we will\ndiscuss NABARD Schemes.<\/p>\n\n\n\n
The\nfoundation of the Indian economy is the agricultural sector. They provide over\n60% of India’s workers and grow the country’s food, however, the\nfarmer-producer businesses do not reap the rewards of their labour. These\nbusinesses are unable to locate reliable sources of funding. <\/p>\n\n\n\n
Therefore,\nthe NABARD Schemes helps farmers by providing financial support to a\nfarmer-producer company engaged in the agriculture industry.<\/p>\n\n\n\n
These\nschemes help the farmers to take advantage of the economies of scale to buy\ninputs at a cheaper rate, adopt new technologies, gain access to financing,\nestablish connections with the market, create post-harvest processing\nfacilities, and increase their selling power. In order to empower farmers to\nform groups or clusters, the Producer Organization Development Fund and the\nproducer company concept were developed, which is explained in detail below. <\/p>\n\n\n\n