Producer Company refers to a corporate establishment that deals with the cultivation, production, procurement, marking, grading, & trading of the Primary Product with the aid of its members. The concept of farmer Producer Company seeks to foster the betterment of financially aggrieved farmers in India through synergy and collective efforts.
Any ten or more individuals (producers) can come together to set up a producer company but there is no upper limitation on the number of members. Or, any two or more producer entities can establish a farmer producer company.
Such entities seek to operate in line with the underlying objects, which typically revolve around the mutual growth and financial growth of the member. As such Farmer Company has no intention to serve the public domain in any way.
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