Walmart Foundation Announces USD 2 Mn Grant for Strengthening 60 Women-led FPOs
New Delhi, Nov 17 (PTI) Walmart Foundation on Thursday announced a USD 2 million (around Rs 16.32 crore) grant for a project that aims to transform 60 women-led farmer producer organisations (FPOs) into independent institutions over 30 months.
The grant, given to the project ‘PROWFIT’ to be implemented by an NGO Pradan, will aim to empower nearly 120,000 women to create viable smallholder businesses with a total cumulative annual turnover of USD 32 million, it said.
In addition, they will also be provided technology and financial support through access to service partners and linkages with relevant national or state government programs to avail complementary aid.