Application for Agribusiness Management Development Program for FPOs - A Program for Prospective CEOs of FPOsApply now
Last date to apply: 07 Jun 2023 11:30 pm IST
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- Application for Agribusiness Management Development Program for FPOs - A Program for Prospective CEOs of FPOs
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AGRIBUSINESS MANAGEMENT DEVELOPMENT PROGRAMME (ABMDP)
The size of operational holdings in India is continuously declining with every
successive generation. The situation has raised serious question on the
survivability of these small holders. Aggregation of the farmers, especially small
and marginal farmers, into producer companies has emerged as one of the most
effective means in the recent past to address many challenges of agriculture, more
specifically, improved access to investments, technology and inputs and markets.
Department of Agriculture and Cooperation, Ministry of Agriculture and Farmer
Welfare, Govt. of India has identified farmer producer companies registered under
the special provisions of the Companies Act, 1956 (As amended in 2002) as the
most appropriate institutional form of aggregation of farmers. A producer company
is basically a corporate body registered as Producer Company under Companies
Act, 1956 (now Companies Act, 2013) (As amended in 2002). Its main activities
consists of production, harvesting, processing, procurement, grading, pooling,
handling, marketing, selling, export of primary produce of the members or import
of goods or services for their benefit. It also includes, promoting mutual assistance,
welfare measures, financial services, insurance of producers or their primary
produce. The main objective of mobilizing farmers into member-owned producer
companies, or FPOs, is to enhance production, productivity and profitability of
agriculturists, especially small farmers in the country.
Producer company needs to have at least five and not more than 15 directors.
A full time chief executive is to be appointed by the board. He shall be an ex-officio
director and will not be liable to retire by rotation and shall be entrusted with
substantial powers of management as the board may determine. He shall operate
the bank accounts with joint signatory of a member of board of director, make
arrangements for safe custody of cash and other assets of the producer company.
He may exercise the powers as may be necessary in the ordinary course of
business. CEO of the company needs to perform several such functions. Hence,
role of CEO is very crucial in maintaining and sustaining the Farmer Producer
Against this backdrop, a-IDEA, NAARM is going to conduct a 50 days
residential programme on Agribusiness Management Development
Programme (ABMDP), a unique course for Prospective CEOs of FPOs with the
support of NABARD, Telangana Regional office.
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