Latest news with #PriceSupportScheme
The Print
13-06-2025
- Business
- The Print
Govt approves procurement of 54,166 tonnes moong, 50,750 tonnes groundnut under PSS
New Delhi, Jun 12 (PTI) The government has approved procurement of 54,166 tonnes of moong from Haryana, Gujarat and Uttar Pradesh at a minimum support price (MSP), along with the procurement of 50,750 tonnes of groundnut from Uttar Pradesh. The procurement of the summer crops of 2025-26 will be undertaken under the central Price Support Scheme (PSS), which is activated when market rates fall below the MSP.
Hindustan Times
13-06-2025
- Business
- Hindustan Times
Govt approves MSP procurement of 54,166 tonnes moong from Haryana, Gujrat, UP
The government has approved the procurement of 54,166 tonnes of moong from Haryana, Gujarat and Uttar Pradesh at a minimum support price (MSP), along with the procurement of 50,750 tonnes of groundnut from Uttar Pradesh. The procurement of the summer crops of 2025-26 will be undertaken under the central Price Support Scheme (PSS), which is activated when market rates fall below the MSP. Agriculture minister Shivraj Singh Chouhan approved the proposal to purchase crops under PSS to protect farmers' interests. The minister also approved a 15-day extension of the procurement period in Andhra Pradesh till June 26. The government has permitted the procurement of 100% production of tur, urad and masur in 2024-25 under the PSS to incentivise farmers, enhance domestic pulse production and reduce import dependence. This initiative has been extended for another four years till 2028-29. Procurement under the PSS is undertaken by central nodal agencies National Agricultural Cooperative Marketing Federation of India (Nafed) and National Cooperative Consumers' Federation of India (NCCF).
Hans India
12-06-2025
- Business
- Hans India
Centre okays purchase of moong from farmers under price support scheme
New Delhi: 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. 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.
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Business Standard
12-06-2025
- Business
- Business Standard
Govt clears procurement of moong, groundnut under Price Support Scheme
The central government has approved the purchase of 54,166 tonnes of moong from Haryana, Gujarat, and Uttar Pradesh, as well as 50,750 tonnes of groundnut from Uttar Pradesh. These purchases will be made at the Minimum Support Price (MSP). These procurements relate to the 2025–26 summer crop season and will be carried out under the Price Support Scheme (PSS). The PSS is implemented when market prices drop below the MSP, ensuring farmers still receive a fair price for their produce. Agriculture Minister Shivraj Singh Chouhan approved the plan to buy the crops under the PSS, stating that the move aims to protect the interests of farmers. The minister also granted a 15-day extension to the procurement period in Andhra Pradesh, now continuing until June 26. 100 per cent procurement for key pulses extended To further support farmers and boost domestic pulse production, the government has also approved the procurement of 100 per cent of tur, urad, and masur production under the PSS for 2024–25. This initiative, aimed at cutting down on imports, has now been extended for another four years, till 2028–29. India's farm output rose 40 per cent over the past decade Earlier on June 9, Agriculture Minister Shivraj Singh Chouhan said that agricultural production in India has increased by 40 per cent over the past 10 years. He also highlighted that the agriculture sector recorded a 5.4 per cent growth rate in the fourth quarter of the 2024–25 financial year. Speaking at events held as part of the Central government's 'Viksit Krishi Sankalp Abhiyan', Chouhan said that even a small rise in agricultural growth is significant at the global level. 'Even a one-two per cent growth in agriculture is considered big in the world,' he noted. Chouhan stated that India has achieved a record production of wheat, paddy, soybean, groundnut, and other crops. As a result, food grain reserves are well-stocked. "In the last 10 years, we have increased (agriculture) production by 40 per cent. There is no shortage of food grains and India is exporting to other countries," he said.
Time of India
12-06-2025
- Business
- Time of India
Govt approves procurement of 54,166 tonnes moong, 50,750 tonnes groundnut under PSS
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The government has approved procurement of 54,166 tonnes of moong from Haryana, Gujarat and Uttar Pradesh at a minimum support price (MSP), along with the procurement of 50,750 tonnes of groundnut from Uttar procurement of the summer crops of 2025-26 will be undertaken under the central Price Support Scheme (PSS), which is activated when market rates fall below the Minister Shivraj Singh Chouhan approved the proposal to purchase crops under PSS to protect farmers' interests. The minister also approved a 15-day extension of the procurement period in Andhra Pradesh till June government has permitted procurement of 100 per cent production of tur, urad and masur in 2024-25 under the PSS to incentivise farmers, enhance domestic pulse production and reduce import dependence. This initiative has been extended for another four years till under the PSS is undertaken by central nodal agencies National Agricultural Cooperative Marketing Federation of India (Nafed) and National Cooperative Consumers' Federation of India (NCCF).
