Consider the following statements about the Small Farmers’ Agribusiness Consortium (SFAC):

  1. It provides capital support in the form of Venture Capital Assistance and Project Development Facility
  2. It promotes the farmer producer organisations (FPOs) and their integration in agriculture value chain

  Which of the above statements is/are correct?

Answer: [C] Both 1 & 2

Both are correct statements
Small Farmers’ Agribusiness Consortium (SFAC) was established in 1994. Its fundamental objective is to link the small farmers to agricultural value chain, which includes investments, technology and markets in association with private, corporate or cooperative sector.
It also provides capital support in the form of Venture Capital Assistance and Project Development Facility. One of the mandates of SFAC is to promote the farmer producer organisations (FPOs) and their integration in agriculture value chain.
Over the period of time, the SFAC has emerged as a Developmental Institution which deals with agriculture in its wider connotation, including fisheries and horticulture.
The beneficiaries are (Individuals, farmers, producer groups, partnership, propriety firms, Self Help Groups, companies etc.) to set up agribusiness ventures in close association with banks.

This question is a part of GKToday's Integrated IAS General Studies Module