Business Standard
Sunday, May 27, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Centre raises subsidy for wheat, pulses under NFSM
Press Trust of India / Chandigarh Sep 15, 2009, 15:02 IST

The Centre has decided to increase the subsidy on distribution of certified seeds for wheat and pulses by Rs 200 per quintal and Rs 800 per quintal, respectively, for the coming rabi crop season to boost the area under cultivation.

"The upper limit of subsidy on distribution of certified seeds has been increased under the National Food Security Mission (NFSM) for wheat and pulses for the coming rabi season...

"This decision is taken in view of the current situation (dip in area in kharif due to scanty rains) ... So as to incentivise farmers to bring more area and increase productivity of crops," NFSM Director G K Chaudhary said here today who was here to assess the progress of NFSM in Punjab, Haryana and Rajasthan.

In the rabi season 2009-10, wheat growers would get Rs 700 per quintal or 50 per cent of cost, whichever is less, for buying certified seeds. Earlier, the upper limit of subsidy was Rs 500 per quintal.

In case of pulses, oilseeds and maize, the farmers would get Rs 2,000 per quintal of 50 per cent of cost, whichever is less, on seeds including hybrid ones. The earlier maximum limit was Rs 1,200 per quintal.

Stating that revised rates of subsidy would be valid only for rabi season 2009-10 and summer season in 17 identified states, he informed that the disbursement of subsidy on seeds distribution would involve an outlay of over Rs 100 crore.

NFSM Director also said that the national consultants of the mission have also been dispatched to several states to study the situation at the ground level before the start of the rabi season so that effective measures could be taken if any problem exists in these areas due to weather conditions.

He said that rains in September would be beneficial for existing crops as well as rabi crops. "With the rains, the moisture level of soil will increase which will prove good for upcoming crops," he said.

Launched in 2007-08, NFSM has a mandate to jack up the country's output of food grain commodities by additional 20 million tonnes, comprising rice by 10 million tonnes, wheat by 8 million tonnes and pulses by 2 million tonnes, by the end of 11th Five-Year Plan.

Its objectives also include expanding area under crops, productivity enhancement, creation of employment opportunities and enhancing farm profits. It has identified 17 states, including Andhra Pradesh, Punjab, Haryana, Bihar, Maharashtra, Uttar Pradesh and West Bengal, where it is operational.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- IFC plans to invest in Malaysia's Khazanah healthcare arm
- Cong leaders must work together for winning elections: Scindia
- Hotel Leelaventure redeems outstanding bonds worth $41.6 mn
- Ex-Galleon portfolio manager testifies against Rajat Gupta
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- EGoM to now decide on base price for spectrum auction
- Air India pilots wanted a halt to command training of IA pilots
- Rohit Viswanath: The news about soft power
- Traders go long on $-Re , short on Euro-Re
- Covering life, health is not all
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us