CA Gurumoorthy Bhat

Every people on the earth whether directly or indirectly is depending on the agriculture for their life. In India, majority of the people are depending on the agriculture for their livelihood. The economy of India is an agricultural centric economy.
But, earlier, the primary producers and small farmers have faced huge problems in India due to many factors. In order to solve these problems, in the year 2002, the Government of India has introduced the concept of ‘Producer Companies’. By this, the Government has given the legal status to the agriculturists and supported them to organize themselves & do the agriculture in the corporate way.