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Our India’s population depends on agricultural activities for their food. In reality agriculture is the backbone of our economy But the farmers and primary producers struggling much for profit. As a  agricultural-based country, 85% of people in India  are dependent upon farming activities. Most of the farmers or producers in India are marginal or small scale farmers owning less than 2 hectares of farmland. Due to poor facilities and low production, the life of farmers are miserable. As per the  consideration of  their miserable condition in mind, the Government of India aligned an expert committee, the committee is working with the primary aim to uplift the Indian farmers and agriculturalists or Producers collectively.
Many of the benefits of a private limited company are available to a Producer company. Here are a few examples:
Restricted Liability: The Producer Company members’ obligations are limited, and their personal assets cannot be used to fund the company’s losses or debt.
A Legal Entity in Its Own Right:
A licensed producer corporation, like a private limited company, is considered a separate legal entity that can buy and sell land under its own name.
More trustworthiness:
When compared to non-registered companies, registered producer companies are given more legitimacy.
Managing Ease:
A producer company’s applicant may make requested improvements to the board of directors. by filling up a few simple forms and submitting to the registrar of Companies (ROC)
Both of these benefits make Producer Company Registration more advantageous for all Indian farmers and primary producers. This might aid farmers in increasing output and better credit usage, resulting in higher income for their agricultural products. All in all, the Producer Company is a boon to India’s primary producers and growers.
