Q. Recently, the government has approved inclusion of which crops under its price stabilization fund (PSF)?
Answer:
Wheat and Rice
Notes: The government has recently included wheat and rice in the Price Stabilization Fund (PSF). Established in 2014-15 under Department of Agriculture, Cooperation & Famers Welfare (DAC&FW), it was transferred to DOCA in 2016. Managed centrally by PSFMC, it regulates proposals from State Governments and Central Agencies. SFAC maintains it as a central corpus fund. The fund aims to stabilize prices of selected commodities by distributing or procuring them, primarily used to counter high or low prices.