Union Cabinet approves Rs. 35,000 crore continuation of PM-AASHA schemes to support farmers and control price volatility

Daily Current Affairs / Union Cabinet approves Rs. 35,000 crore continuation of PM-AASHA schemes to support farmers and control price volatility

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Category : National Published on: September 21 2024

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The Union Cabinet approved Rs. 35,000 crore for the continuation of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) scheme, integrating the Price Support Scheme (PSS), Price Stabilization Fund (PSF), Price Deficit Payment Scheme (PDPS), and Market Intervention Scheme (MIS) to enhance effectiveness and support farmers.
Starting from the 2024-25 season, the PM-AASHA scheme will procure 25% of national production of notified pulses, oilseeds, and copra at Minimum Support Price (MSP), with a 100% procurement planned for Tur, Urad, and Masur to mitigate distress sales.