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Thursday / December 26. 2024

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HomePosts Tagged "Price support scheme"
AgroPolicy, Horticulture, India

Approval is based on recommendations of the Commission for Agricultural Costs and Prices and views of major coconut growing states.

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved Minimum Support Prices (MSPs) for copra for the 2023 season.  The approval is based on recommendations of the Commission for Agricultural Costs and Prices and views of major coconut-growing states.

The MSP for Fair Average Quality of milling copra has been fixed at Rs 10860 per quintal and for ball copra at Rs 11750 per quintal for the 2023 season.  This is an increase of Rs 270 per quintal for milling copra and Rs 750 per quintal for ball copra over the previous season.  This would ensure a margin of 51.82 per cent for milling copra and 64.26 per cent for ball copra over the all India weighted average cost of production.  The announced MSP of copra for the 2023 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 is one of the important and progressive steps towards ensuring better remunerative returns to the coconut growers and improving their welfare substantively.

National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and the National Cooperative Consumers’ Federation (NCCF) will continue to act as Central Nodal Agencies (CNAs) for the procurement of copra and de-husked coconut under the Price Support Scheme (PSS).

Approval is based on recommendations of the

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)