Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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                            <div align="justify">-Outlook<br /><br /><em>A tax holiday is expected to push more farmers to turn entrepreneurial<br /></em><br />The Budget&rsquo;s announcement of a five-year tax holiday for Farmer Producer Organisations (FPOs) with a turnover of up to Rs 100 crore came as a relief to the thousands of farmers who are members of around 4,000 such companies in the country.&nbsp; In December 2017, a sizeable number of farmers gathered at a national conference org&shy;anised in Pune were found to be unaware that the FPOs were liable to pay taxes under the Companies Act, rev&shy;eals B. Dasaratha Rami Reddy, secretary general of the Consortium of Ind&shy;ian Farmers&rsquo; Associations (CIFA).<br /><br />In the last six years, the government has stepped in to promote FPOs in order to help farmers benefit from collective strength and resources, as seen in dairy milk cooperatives, in a push towards sustainability. Only farmers connected with some primary produce can be members of such a company, which as per the law is liable to pay 30 per cent tax, plus 15 per cent on any dividends paid. Almost all FPOs are expected to benefit from the government move, giving a push to turning farmers into entrepreneurs to boost their income, encourage value addition and reduce wastage of fruit and vegetables resulting from spoilage.<br /><br />The CIFA is, however, unhappy with the current structure of FPOs; this is due not just to the tax element but also to the cumbersome procedures involved and the fact that most farmers are &ldquo;not conversant with the management practices&rdquo; of running a private limited company, states Reddy. But while the CIFA is seeking a cooperative structure, many see advantages in maintaining the current corporate structure complete with a CEO and a board of directors.<br /><br />&ldquo;As a model, there is recognition that FPOs have some advantages. The idea of building them into companies was to help give them some professional management with a CEO, a salaried employee, who is obviously a local person,&rdquo; says Sumanta Chaudhuri, managing director of the Small Farmers&rsquo; Agribusiness Consortium (SFAC), under the agriculture ministry. One aspect of the SFAC&rsquo;s mandate is to promote the FPO concept through awareness and training initiatives, besides providing equity grants (raised this year from Rs. 10 lakh to Rs. 15 lakh) and credit guarantees, and helping to access venture capital. <br /><br />&ldquo;We bring the CEOs and the board of directors together on the same platform for collective leadership, as the CEO will not be able to act alone if the board does not support the decision. Similarly, unl&shy;ess there is willingness by members to implement a plan, the board can do nothing. There is always something more that the FPOs can do through continuing skill development programmes and linkages,&rdquo; states Chaudhuri. There are around 800 FPOs registered with SFAC, many of which have started operations while others are still completing their registration, creating infrastructure, and seeking licences for procurement and sale of seeds, fertilisers and pesticides. Some are venturing into the purchase and renting out of farm equipment, operation of warehouses, processing mills, etc.<br /><br />Please <a href="https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818" title="https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818" class="re" target="_blank">Outlook, 26 February, 2018, https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818</a><div class="clear"></div>
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    <h1 class="cat-box-title">To Harvest Enterprise -Lola Nayar</h1>
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                            <div align="justify">-Outlook<br /><br /><em>A tax holiday is expected to push more farmers to turn entrepreneurial<br /></em><br />The Budget&rsquo;s announcement of a five-year tax holiday for Farmer Producer Organisations (FPOs) with a turnover of up to Rs 100 crore came as a relief to the thousands of farmers who are members of around 4,000 such companies in the country.&nbsp; In December 2017, a sizeable number of farmers gathered at a national conference org&shy;anised in Pune were found to be unaware that the FPOs were liable to pay taxes under the Companies Act, rev&shy;eals B. Dasaratha Rami Reddy, secretary general of the Consortium of Ind&shy;ian Farmers&rsquo; Associations (CIFA).<br /><br />In the last six years, the government has stepped in to promote FPOs in order to help farmers benefit from collective strength and resources, as seen in dairy milk cooperatives, in a push towards sustainability. Only farmers connected with some primary produce can be members of such a company, which as per the law is liable to pay 30 per cent tax, plus 15 per cent on any dividends paid. Almost all FPOs are expected to benefit from the government move, giving a push to turning farmers into entrepreneurs to boost their income, encourage value addition and reduce wastage of fruit and vegetables resulting from spoilage.<br /><br />The CIFA is, however, unhappy with the current structure of FPOs; this is due not just to the tax element but also to the cumbersome procedures involved and the fact that most farmers are &ldquo;not conversant with the management practices&rdquo; of running a private limited company, states Reddy. But while the CIFA is seeking a cooperative structure, many see advantages in maintaining the current corporate structure complete with a CEO and a board of directors.<br /><br />&ldquo;As a model, there is recognition that FPOs have some advantages. The idea of building them into companies was to help give them some professional management with a CEO, a salaried employee, who is obviously a local person,&rdquo; says Sumanta Chaudhuri, managing director of the Small Farmers&rsquo; Agribusiness Consortium (SFAC), under the agriculture ministry. One aspect of the SFAC&rsquo;s mandate is to promote the FPO concept through awareness and training initiatives, besides providing equity grants (raised this year from Rs. 10 lakh to Rs. 15 lakh) and credit guarantees, and helping to access venture capital. <br /><br />&ldquo;We bring the CEOs and the board of directors together on the same platform for collective leadership, as the CEO will not be able to act alone if the board does not support the decision. Similarly, unl&shy;ess there is willingness by members to implement a plan, the board can do nothing. There is always something more that the FPOs can do through continuing skill development programmes and linkages,&rdquo; states Chaudhuri. There are around 800 FPOs registered with SFAC, many of which have started operations while others are still completing their registration, creating infrastructure, and seeking licences for procurement and sale of seeds, fertilisers and pesticides. Some are venturing into the purchase and renting out of farm equipment, operation of warehouses, processing mills, etc.<br /><br />Please <a href="https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818" title="https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818" class="re" target="_blank">Outlook, 26 February, 2018, https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818</a><div class="clear"></div>
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A tax holiday is expected to push more farmers to turn entrepreneurial

The Budget&rsquo;s announcement of a five-year tax holiday for Farmer Producer Organisations (FPOs) with a turnover of up to Rs 100 crore came as a relief to the thousands..." />
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    <h1 class="cat-box-title">To Harvest Enterprise -Lola Nayar</h1>
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                            <div align="justify">-Outlook<br /><br /><em>A tax holiday is expected to push more farmers to turn entrepreneurial<br /></em><br />The Budget&rsquo;s announcement of a five-year tax holiday for Farmer Producer Organisations (FPOs) with a turnover of up to Rs 100 crore came as a relief to the thousands of farmers who are members of around 4,000 such companies in the country.&nbsp; In December 2017, a sizeable number of farmers gathered at a national conference org&shy;anised in Pune were found to be unaware that the FPOs were liable to pay taxes under the Companies Act, rev&shy;eals B. Dasaratha Rami Reddy, secretary general of the Consortium of Ind&shy;ian Farmers&rsquo; Associations (CIFA).<br /><br />In the last six years, the government has stepped in to promote FPOs in order to help farmers benefit from collective strength and resources, as seen in dairy milk cooperatives, in a push towards sustainability. Only farmers connected with some primary produce can be members of such a company, which as per the law is liable to pay 30 per cent tax, plus 15 per cent on any dividends paid. Almost all FPOs are expected to benefit from the government move, giving a push to turning farmers into entrepreneurs to boost their income, encourage value addition and reduce wastage of fruit and vegetables resulting from spoilage.<br /><br />The CIFA is, however, unhappy with the current structure of FPOs; this is due not just to the tax element but also to the cumbersome procedures involved and the fact that most farmers are &ldquo;not conversant with the management practices&rdquo; of running a private limited company, states Reddy. But while the CIFA is seeking a cooperative structure, many see advantages in maintaining the current corporate structure complete with a CEO and a board of directors.<br /><br />&ldquo;As a model, there is recognition that FPOs have some advantages. The idea of building them into companies was to help give them some professional management with a CEO, a salaried employee, who is obviously a local person,&rdquo; says Sumanta Chaudhuri, managing director of the Small Farmers&rsquo; Agribusiness Consortium (SFAC), under the agriculture ministry. One aspect of the SFAC&rsquo;s mandate is to promote the FPO concept through awareness and training initiatives, besides providing equity grants (raised this year from Rs. 10 lakh to Rs. 15 lakh) and credit guarantees, and helping to access venture capital. <br /><br />&ldquo;We bring the CEOs and the board of directors together on the same platform for collective leadership, as the CEO will not be able to act alone if the board does not support the decision. Similarly, unl&shy;ess there is willingness by members to implement a plan, the board can do nothing. There is always something more that the FPOs can do through continuing skill development programmes and linkages,&rdquo; states Chaudhuri. There are around 800 FPOs registered with SFAC, many of which have started operations while others are still completing their registration, creating infrastructure, and seeking licences for procurement and sale of seeds, fertilisers and pesticides. Some are venturing into the purchase and renting out of farm equipment, operation of warehouses, processing mills, etc.<br /><br />Please <a href="https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818" title="https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818" class="re" target="_blank">Outlook, 26 February, 2018, https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818</a><div class="clear"></div>
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Home हिन्दी

To Harvest Enterprise -Lola Nayar

Published on Feb 18, 2018   Modified on Feb 18, 2018

-Outlook A tax holiday is expected to push more farmers to turn entrepreneurial The Budget’s announcement of a five-year tax holiday for Farmer Producer Organisations (FPOs) with a turnover of up to Rs 100 crore came as a relief to the thousands of farmers who are members of around 4,000 such companies in the country.  In December 2017, a sizeable number of farmers gathered at a national conference org­anised in Pune were found to be unaware that the FPOs were liable to pay taxes under the Companies Act, rev­eals B. Dasaratha Rami Reddy, secretary general of the Consortium of Ind­ian Farmers’ Associations (CIFA). In the last six years, the government has stepped in to promote FPOs in order to help farmers benefit from collective strength and resources, as seen in dairy milk cooperatives, in a push towards sustainability. Only farmers connected with some primary produce can be members of such a company, which as per the law is liable to pay 30 per cent tax, plus 15 per cent on any dividends paid. Almost all FPOs are expected to benefit from the government move, giving a push to turning farmers into entrepreneurs to boost their income, encourage value addition and reduce wastage of fruit and vegetables resulting from spoilage. The CIFA is, however, unhappy with the current structure of FPOs; this is due not just to the tax element but also to the cumbersome procedures involved and the fact that most farmers are “not conversant with the management practices” of running a private limited company, states Reddy. But while the CIFA is seeking a cooperative structure, many see advantages in maintaining the current corporate structure complete with a CEO and a board of directors. “As a model, there is recognition that FPOs have some advantages. The idea of building them into companies was to help give them some professional management with a CEO, a salaried employee, who is obviously a local person,” says Sumanta Chaudhuri, managing director of the Small Farmers’ Agribusiness Consortium (SFAC), under the agriculture ministry. One aspect of the SFAC’s mandate is to promote the FPO concept through awareness and training initiatives, besides providing equity grants (raised this year from Rs. 10 lakh to Rs. 15 lakh) and credit guarantees, and helping to access venture capital. “We bring the CEOs and the board of directors together on the same platform for collective leadership, as the CEO will not be able to act alone if the board does not support the decision. Similarly, unl­ess there is willingness by members to implement a plan, the board can do nothing. There is always something more that the FPOs can do through continuing skill development programmes and linkages,” states Chaudhuri. There are around 800 FPOs registered with SFAC, many of which have started operations while others are still completing their registration, creating infrastructure, and seeking licences for procurement and sale of seeds, fertilisers and pesticides. Some are venturing into the purchase and renting out of farm equipment, operation of warehouses, processing mills, etc. Please click here to read more.

Outlook, 26 February, 2018, https://www.outlookindia.com/magazine/story/to-harvest-enterprise/299818

Tagged with: Tax Exemption Farmer Producer Organisations (FPOs) Consortium of Ind?ian Farmers? Associations (CIFA) Small Farmers? Agribusiness Consortium (SFAC) Tax Holiday

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