The upcoming Union Budget for 2024-25 is expected to modify the flagship Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA), assuring a minimum support price (MSP) for select pulses and oilseeds through either 100 per cent direct purchase or price deficiency payments, said people in the know.
Union Agriculture Minister Shivraj Singh Chouhan has repeatedly stressed the Central government's commitment to the 100 per cent procurement of arhar, urad, and masoor at MSP from all states. Currently, the sources noted, the scheme's guidelines unveiled a few years ago restricts the quantum of pulses and oilseeds farmers can sell through it.
Earlier, the central government was required to procure 25 per cent of the actual production of any commodity for any season under the scheme. States wishing to procure more than this amount had to use their own resources. This limit was later increased to 40 per cent. However, for the 2023-24 season, the cap was removed for arhar, urad, and masoor.
This story is from the July 11, 2024 edition of Business Standard.
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This story is from the July 11, 2024 edition of Business Standard.
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