Producers are biotic components of an ecosystem. They comprise of living organisms which fix light energy and synthesise organic food from inorganic substances. They are autotrophs as they convert solar radiations into chemical energy. Producers are photosynthetic plants. However, blue green algae or cyanobacteria are also producers because they perform photosynthesis and prepare food.
Hence, the statement given in the question is correct.
So, the correct answer is 'True'.