Udyogwardini | Farmer producer company formation

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farmers

A farmer producer company is a group of farmers who band together to increase their revenue and thus their level of living. In India, a farmer producer company can be formed with as few as ten members and two institutions. Over 80% of farmers in India are unorganized and cultivate small and marginal areas. The Farmer Producer Company empowers farmers and assists them in attaining economic scale through the following objectives:

“Production, procurement, harvesting and grading, poling and handling, marketing of agricultural produce, and selling or export/import of agricultural produce.”

The Producer Company's primary objective is to establish a farmer society in the form of a corporation and to convert an existing cooperative society into an organized corporation.

A farmer producer company is a group of farmers who band together to increase their revenue and thus their level of living. In India, a farmer producer company can be formed with as few as ten members and two institutions. Over 80% of farmers in India are unorganized and cultivate small and marginal areas. The Farmer Producer Company empowers farmers and assists them in attaining economic scale through the following objectives:

“Production, procurement, harvesting and grading, poling and handling, marketing of agricultural produce, and selling or export/import of agricultural produce.”

The Producer Company's primary objective is to establish a farmer society in the form of a corporation and to convert an existing cooperative society into an organized corporation.

Benefits of Farmer producer company formation:

    Increased Credibility

  • A producer company provides producers with greater legitimacy than other unregistered farmer or agriculturist associations.
  • Limited liability and legal entity distinct from others

  • By incorporating as a producer company, members gain access to a distinct legal entity with limited liability.
  • Possess real estate

  • A properly registered farmer corporation has the authority to sell or own real estate in its name. Additionally, it is authorized to accept deposits or make loans to its agriculturist members at extremely low-interest rates.
  • Ease of administration and registration

  • Registration as a producer company is a simple process, and the firm's Board of Management can be changed by filing a few basic paperwork with the relevant ROC.

Documents required for Shops & Establishment Registration :

Documents required for Shops & Establishment Registration :

Photo & PAN Card of every director and shareholder.

Proof of Identity - Aadhar card, voter ID, driver's license, or passport

Proof of Address - bank statement, mobile bill, an electric bill, or a landline bill.

Producer Proof - Khasra - Khatuni/ ITR with Agriculture Income/ Sarpanch letter/ Any other proof that identifies a person as a producer is acceptable.

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