Budget for PM aasha

NEW DELHI, 23 April 2022: In order to provide remunerative price to the  farmers of notified pulses, oilseeds & copra, Government implements an umbrella scheme of  Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) consisting of Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS) and Pilot Private Procurement & Stockiest Scheme (PPSS).

Procurement of pulses, oilseeds & copra at MSP is done under PSS. However, States/UTs have an option to implement either PSS or PDPS with respect to particular notified oilseeds in a given procurement season for the entire State.

Under PDPS, no physical procurement is done but direct payment of the difference between the MSP and the selling / modal price to pre- registered farmers selling oilseeds of prescribed Fair Average Quality (FAQ) norms within the stipulated period in the notified market yard through a transparent auction process is made. Besides, States have the option to roll out Private Procurement and Stockist Scheme (PPSS) on pilot basis in district / selected APMC(s) of district for oilseeds.

As far as, the allocation of annual budget is concerned, it is meant for meeting up the reimbursement of losses incurred in the implementation of schemes & gets revised based on the actual requirements. 

Under PSS, Government has provided Government Guarantee amounting to INR  40,500/- cr. for extending cash credit facilities to Central Nodal Agencies i.e. NAFED & FCI for procurement of pulses, oilseeds & copra at Minimum Support Price (MSP). Central Nodal Agencies withdraw the required funds against the Government Guarantee for making payment of MSP value to farmers and other incidental costs involved in the PSS operations.

This information was given by the Union Minister of Agriculture and Farmers Welfare  Narendra Singh Tomar in a written reply in Lok Sabha recenlty.

Image credit: affairscloud.com