Govt to procure tur, masur dal directly from farmers to bolster stocks

Govt to procure tur, masur dal directly from farmers to bolster stocks

Daily Current Affairs / Govt to procure tur, masur dal directly from farmers to bolster stocks

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Category : Business and economics Published on: March 20 2024

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The Indian government plans to procure 400,000 tonnes of tur and 200,000 tonnes of masur dal directly from farmers to bolster dwindling stocks and stabilize market prices.
The Department of Consumer Affairs aims to procure 80% of the buffer requirement for tur and masur directly from farmers at the minimum assured procurement price (MAPP) or dynamic buffer procurement price (DBPP), whichever is higher.
The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and National Cooperative Consumers' Federation of India Limited (NCCF) are tasked with procuring these pulses directly from pre-registered farmers.
Union Cooperation Minister Amit Shah stated during the launch of the electronic procurement portal that the government aims for self-sufficiency in pulses by 2027. The portal aims to facilitate farmer participation and enable them to sell their produce at minimum support price (MSP) or prevailing market rates.

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