Agricultural & Processed food products Export Development Authority signs MoU with SFAC
On March 18, 2020, the Agricultural and Processed food product Export Development Authority (APEDA) signed Memorandum of Understanding with Small Farmers Agriculture-Business Consortium. The agreement aims to link the Farmer Producer Organization and farmer cooperatives with the export value chain.
The SFAC will share the clusters of farmers and grouping distributed in various states with APEDA. They will then work together to link up these farmers with the export chain. APEDA will also facilitate certified organic produce identified by SFAC. They will also establish an Agri-Business Promotion unit in the North-East.
APEDA and SFAC
The APEDA was established under an act of Parliament in 1985. It aims to develop industries to promote export of specific products. It carries out registration of exporters, fixing standards, improving packages of scheduled products and promotion of export-oriented production.
The SFAC was established in 1994. The main aim of SFAC is to promote farmer producer organization.
Category: Economy & Banking Current Affairs