A Producer Company is that kind of company which is formed by 10 or more individuals who deal in agricultural produces or post-harvest processing activities. So, This is a legally recognized bunch of farmers who want to improve their incomes, standard of living and many more. This company is also registered under the Companies Act, 2013.
In a Producer Company, you can appoint Agriculturist members and accept deposits in the form of RD and FD. Through this, we allow them a maturity as well as distribute loans to your farmer members and charge interest from them. The minimum paid-up capital is 5 lakh rupees. For Producer Company, a maximum of 15 Directors, a minimum of 5 Directors, a minimum of 10 Individuals or 2 Producer Institutions are required. There is no limit to the number of members.
