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Bayer CropScience Join Hands with SFAC

Published on October 02, 2022
Current Context: A Memorandum of Understanding (MoU) was signed between Bayer CropScience Limited and the Small Farmers Agri-Business Consortium (SFAC) for the formation and promotion of 50 Farmer Producer Organizations (FPOs).
Bayer CropScience Join Hands with SFAC
  • The MoU was signed to realize the aim of the Central Sector Scheme (CSS) launched by the Agriculture Ministry for the formation and promotion of 10,000 FPOs.
  • The primary objective of these FPOs will be to assist small farmers in:
  1. creation of market linkages
  2. enterprise planning
  3. identification of key enablers
  4. data switch
  • Along with improving farmers’ income, the FPOs will also build a robust food value chain network to support India’s food security and export potential.
  • SFAC is an Autonomous Society that was established under the Societies Registration Act XXI in 1994 and is promoted by the Ministry of Agriculture. The current Managing Director of the SFAC is Dr. Maninder Kaur Dwivedi.
  • Bayer is a German multinational biotechnology and pharmaceutical company that was established in 1863 with its headquarters in Leverkusen, Germany. The current CEO of the company is Werner Baumann.

Question:

Q.1 Recently the Small Farmers Agri-Business Consortium (SFAC) signed an MoU with pharmaceutical giant _______ for the formation and promotion of 50 Farmer Producer Organizations (FPOs).
a. Bharat Biotech
b. Bayer CropScience
c. Pfizer
d. Cipla
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