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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