Procurement of Pulses and Oil Seeds from Farmers

The Government of India has procured oil seeds and pulses from farmers directly at Minimum Support Prices. Currently, the Price Support Scheme for the Rabi season has been launched in Andhra Pradesh, Karnataka, Rajasthan, Telangana, Uttar Pradesh, Haryana and Maharashtra.

Highlights

Till now the Food Corporation of India (FCI) and NAFED (National Agricultural Cooperative Marketing of India) have procured 1.33 lakh metric tonnes of pulses and 29,264 metric tonnes of oilseeds. This has benefitted more than 1.14 lakh farmers. The value of pulses and oil seeds procured so far amount to Rs 784.77 crores

Procurement of gram and Mustard seeds have also begun.

NAFED

The NAFED was established in 1958. It is the apex organization for all marketing cooperatives of agricultural produce in the country. Apart from agricultural produce, NAFED also procures forest resources. The NAFED is registered under Multi-State Cooperative Societies Act. It was established as a nodal agency for price stabilization in the country under “Operation Greens”.

Operation Greens

Operation Greens was introduced in the Union Budget 2018-19. It allocated Rs 500 crores to the Farmer Produce Organizations. The project aims to stabilize the supply of tomatoes, onion and potatoes in the country. It will also aid in doubling farmers’ income by 2022.

Month: Current Affairs - April, 2020