Walmart Foundation announces USD 2 mn grant for strengthening 60 women-led FPOs
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.
As part of the project, the FPOs will receive assistance to develop business plans, build necessary systems and processes, and implement governance systems for their ventures.