Agri Buzz: Government Purchases Kharif Pulses And Oilseeds Worth Rs 465 Crores So Far

Agri Buzz: Government Purchases Kharif Pulses And Oilseeds Worth Rs 465 Crores So Far

Nov 27, 2020 07:11 IST capital market

An official update stated yesterday that Upto 25.11.2020, the Government through its Nodal Agencies has procured 86199.73 MT of Moong, Urad, Groundnut Pods and Soyabean having MSP value of Rs.465.05 Crores benefitting 49736 farmers in Tamil Nadu, Maharashtra, Gujarat, Haryana and Rajasthan. Based on the proposal from the States, approval was accorded for procurement of 45.24 LMT of Pulse and Oilseeds of Kharif Marketing Season 2020 for the States of Tamil Nadu, Karnataka, Maharashtra, Telangana, Gujarat, Haryana, Uttar Pradesh, Odisha, Rajasthan and Andhra Pradesh under Price Support Scheme (PSS).

For other States/UTs, approval will also be accorded on receipt of proposals for procurement of Pulses, Oilseeds and Copra under PSS so that procurement of FAQ grade of these crops can be made at notified MSP for the year 2020-21 directly from the registered farmers, if the market rate goes below MSP during the notified harvesting period in the respective States/UTs by the Central Nodal Agencies through State nominated procuring agencies.

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