Explorer

Farmers’ Boost: Govt Approves Moong and Groundnut Procurement In Multiple States

Govt approves procurement of 54,166 MT moong & 50,750 MT groundnut under price support scheme, extends tur/arhar policy to achieve self-sufficiency.

The government on Thursday approved the procurement of 54,166 metric tonnes (MT) of moong under the price support scheme from farmers in Haryana, Uttar Pradesh, and Gujarat for the summer crop season 2025–26 as part of the Centre’s policy to incentivise the production of pulses in the country.

Similarly, the Government has approved the procurement of 50,750 MT of groundnut under the price support scheme (PSS) in Uttar Pradesh for the summer crop season.

Union Minister of Agriculture and Farmers’ Welfare Shivraj Singh Chouhan has also given approval to extend the period of procurement for red gram in Andhra Pradesh by another 15 days up to June 26, keeping the interest of farmers of the state.

In order to incentivise farmers and enhance the domestic production of pulses while reducing the country’s dependence on imports, the government has permitted the procurement of tur (arhar), urad, and masur under the PSS up to 100 per cent of the production of the respective state for the procurement year 2024–25.

Also Read : Oil Prices Surge As Israel Strikes Iran: Geopolitical Tensions Fuel Supply Fears

Furthermore, in the Union Budget 2025, the government announced the continuation of this initiative for an additional four years, up to 2028–29, wherein procurement of these pulses will be undertaken up to 100 percent of State production through the Central Nodal Agencies, namely the NAFED and the NCCF, with the aim of achieving national self-sufficiency in pulse production.

The Government of India is implementing the integrated scheme Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA), which encompasses the Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS), Market Intervention Scheme (MIS), and Price Stabilisation Fund (PSF). The overarching objective of this initiative is to ensure assured and remunerative prices for farmers' agricultural produce, thereby protecting their income and securing their livelihood against market fluctuations. PSS is implemented as and when the market prices of notified pulses and oilseeds, and copra fall below the notified MSP during the peak harvesting period to provide a remunerative price to the farmers.

(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

Top Headlines

Mother Dairy Milk Price Hike: Pay More From Tomorrow As Rates Jump By Up To Rs 4/Litre
Mother Dairy Milk Price Hike: Pay More From Tomorrow As Rates Jump
Tata Motors, Mahindra Most Popular Among Indian EV Buyers: Here's Why
Tata Motors, Mahindra Most Popular Among Indian EV Buyers: Here's Why
Nvidia CEO Jensen Huang Loses $7.4 Billion As Chinese Spy Controversy Triggers Lawsuit
Nvidia CEO Jensen Huang Loses $7.4 Billion As Chinese Spy Controversy Triggers Lawsuit
Pakistan's Petroleum Levy Debate: Rs 4.4 Trillion Collected In Four Years, Report Says
Pakistan IMF Loan: Why Government Is Facing Questions Over Petroleum Levy And Spending

Videos

Demonetisation Attack: Akhilesh Yadav Targets BJP on the 10th Anniversary of Note Ban
Diwali Debate: Yogi Adityanath Hits Back at Congress Over Pollution Remarks
Hijack Threat: Air India Flight to Mumbai Receives Hijack Warning at Kolkata Airport
Dalit Battle: BSP and SP Intensify Their Fight for Uttar Pradesh’s Dalit Vote Bank
Third Front: Owaisi and Chandrashekhar Azad Set to Announce Alliance in Lucknow

Photo Gallery

25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Embed widget