NABARD has taken an initiative for supporting producer organizations, adopting a flexible approach to meet the needs of producers. In order to give a special focus, the “Producers Organization Development Fund”(PODF) has been set up with effective from 01 April 2011, with an initial corpus of 50 crore . Producers Organization Development Fund (PODF) is used to support Producers Organizations across three levers, viz. credit support, capacity building and market linkage. The objective of the fund is to meet end to end requirements of Producers Organization as well as to ensure their sustainability and economic viability.
NABARD has identified Vanavarayar Institute of Agriculture as the Producer Organization Promoting Institution or POPI for Promotion and nurturing of 05 Farmers Producer Organizations (FPOs) with 500 farmer members per FPO in Coimbatore and Tirupur Districts. NABARD has sanctioned an amount of Rs. 45.30 lakhs to establish (5 FPOs). The registration of 5 FPOs has been completed.
"This institute believes in enabling farming communities to bring about significant changes in their lives by themselves."