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HomePosts Tagged "CCEA"
Acts & Schemes – Centre, AgroPolicy, Schemes - Govt, Sustainability

CCEA approves continuation of Urea Subsidy Scheme; Rs. 3,68,676.7 Crore committed for urea subsidy for 3 years

The Cabinet Committee on Economic Affairs (CCEA) approved a unique package of innovative schemes for farmers with a total outlay of Rs.3,70,128.7 crore. The bouquet of schemes is focused on the overall well-being and economic betterment of farmers by promoting sustainable agriculture. The initiatives will boost farmers’ income, strengthen natural/organic farming, rejuvenate soil productivity, and ensure food security.

The CCEA approved the continuation of the Urea Subsidy Scheme to ensure constant availability of urea to the farmers at the same price of Rs 242/ 45 kg bag excluding taxes and neam coating charges.  Out of the above-approved package, Rs. 3,68,676.7 Crore have been committed for urea subsidy for three years (2022-23 to 2024-25). This is apart from the recently approved Nutrient Based Subsidy of Rs 38,000 Crore for the Kharif season for 2023-24. The farmers need not spend extra for the purchase of urea, and this will help moderate their input costs. At present, the MRP of urea is Rs.242 per 45 kg bag of urea (exclusive of charges towards neem coating and taxes as applicable), whereas the actual cost of the bag comes to around Rs. 2200.  The Scheme is wholly financed by the Government of India through budgetary support. The continuation of the Urea Subsidy scheme will also maximise indigenous production of Urea to reach self-sufficiency levels.

Due to ever-changing geopolitical situations and increased raw material prices, Fertiliser prices have been increasing multifold globally over the years. But the Government of India has protected its farmers from steep fertiliser price rises by increasing the fertiliser subsidy. In its endeavour to safeguard our farmers, the Government of India has increased the Fertiliser subsidy from Rs. 73,067 Cr in 2014-15 to Rs. 2,54,799 Cr in 2022-23.

By 2025-26, eight Nano urea plants with a production capacity of 44 Crore bottles equaling 195 LMT of conventional urea will be commissioned. Nano fertiliser releases nutrients in a controlled manner contributing to higher nutrient use efficiency while costing less to the farmers. The application of Nano Urea has demonstrated an increase in crop yield.

Setting up and revival of 6 urea production units at Chambal Ferti Ltd. – Kota Rajasthan, Matix Ltd. Panagarh West Bengal, Ramagundam-Telangana, Gorakhpur-UP, Sindri-Jharkhand and Barauni-Bihar since 2018 is helping to make the country atmanirbhar in terms of urea production and availability. Indigenous production of urea has increased from the level of 225 LMT during 2014-15, to 250 LMT during 2021-22. In 2022-23, production capacity has increased to 284 LMT. These along with Nano Urea Plants will reduce our current import dependency on urea and finally make us self-sufficient by 2025- 26.

CCEA approves continuation of Urea Subsidy Scheme;

AgroPolicy, Foodgrains, India, Pulses

India needs a dynamic trade policy to promote agricultural exports, issues related to agri-export infrastructure, agri-value chains, Sanitary and Phytosanitary (SPS) measures

Binod Anand the Secrertary General of Confederation of NGOs for Rural India (CNRI), a member of the Committee on MSP and Agri Reforms appreciated the recent announcement government to hike the Minimum Support Price (MSP) for Kharif crops.    

Anand, who hails from cooperative sector, strongly advocated utilising PACS (Primary Agriculture Cooperative Society) for structural changes in procurement directly from farmers and democratisation of the value chain.

The Cabinet Committee on Economic Affairs (CCEA) approved the increase in MSP on June 7, 2023, for all mandated Kharif crops for the marketing season 2023-24. As per the list released by PIB, GoI announced an increase in MSP rates for the crops of Paddy-Common, Paddy-Grade A, Jowar-Hybrid, Jowar-Maldandi, Bajra, Ragi, Maize, Tur/Arhar, Moong, Urad, Moongfali (Groundnut), Sunflower seed, Soybean (yellow), Sesamum, Nigerseed, Cotton (Medium staple) and Cotton (Long Staple).  The expected margin to farmers over their cost of production is estimated to be highest in the case of Bajra (82 per cent) followed by Tur (58 per cent), Soybean (52 per cent) and Urad (51 per cent). For the rest of the crops, the margin to farmers over their cost of production is estimated to be at least 50 per cent.

Welcoming the announcement, Binod Anand said, “The MSP of many crops like Jowar, Bajra, Ragi, Nigerseed in comparison to MSP declared for 2014-15, whereas the other crops have witnessed the increase in the rage of 70 to 90 per cent, which is significant if you look at the global scenario.”

Anand also underlined the progress on the front of agricultural exports, wherein India’s agricultural exports increased by about 22.7 per cent in 2020-21, from ₹2.6 lakh crore in 2019-20 to ₹3.2 lakh crore in 2020-21, which further increased to ₹3.9 lakh crore in 2021-22, an increase of 21.6 per cent.

He said that India needs a dynamic trade policy to promote agricultural exports, issues related to agri-export infrastructure, agri-value chains, Sanitary and Phytosanitary (SPS) measures, Technical Barriers to Trade (TBT) and traceability, export procedures and documentation, etc. need to be addressed apart from giving special thrust on the export of value-added processed products and organic produce.

India needs a dynamic trade policy to

Acts & Schemes – Centre, AgroPolicy, India, Pulses

The Cabinet Committee on Economic Affairs (CCEA) has approved disposal of chana pulses to states and union territories at discounted rates to utilise for various welfare schemes. The disposal will be done from the stock of pulses procured under Price Support Scheme (PSS) and Price Stabilisation Fund (PSF). 

It also approved enhancement of the ceiling on quantity of procurement under PSS from existing 25 per cent to 40 per cent in respect of tur, urad, and masur. Under this approved scheme, the states and UTs are offered to lift 15 lakh metric ton of chana at the discount of Rs 8/kg over the issue price of the sourcing state on first come first serve basis. The states and UTs will utilise these pulses in their various welfare schemes including mid-day meals, public distribution system, and integrated child development programmes.  

This will be a one-time dispensation for a period of 12 months or till the complete disposal of 15 lakh metric ton stock of chana. The centre will spend Rs 1200 crore for the implementation of this scheme.

In recent times, the country has witnessed an all-time high production of chana, especially during the last three years. The central government under the price support scheme has made record procurement of chana due to which 30.55 lakh metric ton Chana is available with the government under PSS and PSF. The production of chana is expected to be good in the coming rabi season as well.

The Cabinet Committee on Economic Affairs (CCEA)

Finance

The initiative will serve the purpose of financial inclusion and strengthening service delivery to farmers

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved computerisation of Primary Agricultural Credit Societies (PACS) with the objective of increasing their efficiency and bringing transparency and accountability in their operations. This project proposes computerisation of about 63,000 functional PACS over a period of five years with a total budget outlay of Rs 2516 crore and the government’s share of Rs 1528 crore.

PACS constitute the lowest tier of the three-tier Short-term cooperative credit (STCC) in the country comprising of around 13 crore farmers as its members, which is crucial for the development of the rural economy. PACS account for 41 per cent (3.01 crore farmers) of the KCC loans given by all entities in the country and 95 per cent of these KCC loans (2.95 crore farmers) through PACS are given to the small and marginal farmers.

Computerisation of PACS, besides serving the purpose of financial inclusion and strengthening service delivery to farmers, will also will become a nodal service delivery point for various services and provision of inputs like fertilisers, seeds etc. The project will help in improving the outreach of the PACS as outlets for banking activities as well as non-banking activities apart from improving digitalisation in rural areas.

The initiative will serve the purpose of

AgroPolicy

The government has increased the MSP of Kharif Crops for Marketing Season 2022-23, to ensure remunerative prices to the growers for their produce and to encourage crop diversification

The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi, has recently approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif Crops for Marketing Season 2022-23. 

The government has increased the MSP of Kharif Crops for Marketing Season 2022-23, to ensure remunerative prices to the growers for their produce and to encourage crop diversification.

The increase in MSP for Kharif Crops for Marketing Season 2022-23 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 50 per cent over the All-India weighted average Cost of Production, aiming at reasonably fair remuneration for the farmers. It is notable that, return over MSP for bajra, tur, urad sunflower seed, soybean and groundnut is more than 50 per cent over the All-India weighted average Cost of Production at 85 per cent, 60 per cent, 59 per cent, 56 per cent, 53 per cent and 51 per cent respectively.

Concerted efforts have been made over the last few years to realign the MSP in favour of oilseeds, pulses and coarse cereals to encourage farmers to shift larger area under these crops and adopt best technologies and farm practices, to correct demand – supply imbalance. 

The government has increased the MSP of

AgroPolicy

It is a progressive step towards ensuring better remunerative returns to the jute growers and to incentivise quality jute fibre

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, Narendra Modi, has approved the Minimum Support Price (MSP) for raw jute for 2022-23 season on March 22, 2022. The approval is based on recommendations of the Commission for agricultural costs and prices.

The MSP of raw jute (TDN3 equivalent to TD5 grade) has been fixed at Rs 4750 per quintal for 2022-23 season with an increase of Rs 250- over the previous year. This would ensure a return of 60.53 per cent over all India weighted average cost of production. The announced MSP of raw jute for 2022-23 season is in line with the principle of fixing the MSP at a level of at least 1.5 times all India weighted average cost of production as announced by the Government in the Budget 2018-19.

It assures a minimum of 50 per cent as margin of profit. It is one of the important and progressive steps towards ensuring better remunerative returns to the jute growers and to incentivise quality jute fibre.

The Jute Corporation of India (JCI) will continue as Central Government Nodal Agency to undertake Price Support Operations and the losses incurred, if any, in such operations, will be fully reimbursed by the Central Government.

It is a progressive step towards ensuring

AgroPolicy

The entire decision was made after paying heed to the recommendations of the Commission for Agricultural Costs and Prices (CACP)

The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the Minimum Support Price (MSP) of Copra for 2022 season. The Committee was chaired by the Prime Minister, Narendra Modi.

The entire decision was made after paying heed to the recommendations of the Commission for Agricultural Costs and Prices (CACP). Which makes it sure that the minimum of 50 per cent, as margin of profit as one of the important and progressive steps towards making possible doubling of farmers’ incomes by 2022.

The MSP for Fair Average Quality (FAQ) of milling copra has been increased to Rs 10,590/- per quintal for 2022 season from Rs 10,335/- per quintal in 2021 and the MSP for ball copra has been increased to Rs 11,000/- per quintal for 2022 season from Rs 10,600/- per quintal in 2021. All of it will make a return of 51.85 per cent for milling copra and 57.73 per cent for ball copra over the all India weighted average cost of production.

The increase in MSP for copra for 2022 season is in line with the principle of fixing the MSP at a level of at least 1.5 times the all India weighted average cost of production as announced by the Government in the budget 2018-19.

The National Agricultural Cooperative Marketing Federation of India Limited and National Cooperative Consumer Federation of India Limited will continue to act as Central Nodal Agencies to undertake price support operations at the MSP in the coconut growing State.

The entire decision was made after paying