Centre extends soyabean procurement in Maharashtra, Telangana for farmers

The PM-AASHA scheme comprises PSS, Price Deficiency Payment Scheme (PDPS), Market Intervention Scheme (MIS) and Price Stabilisation Funds (PSF)

Soyabean oil
Soyabean oil | Photo: IndiaMART
Press Trust of India New Delhi
3 min read Last Updated : Feb 10 2025 | 7:41 PM IST

The Centre has extended procurement of soyabean in Maharashtra by 24 days and Telangana by 15 days, beyond normal purchase period of 90 days, to protect farmers' interest.

Groundnut procurement in Gujarat has been extended by six days, and in Karnataka by 25 days.

According to an official statement, the government approved the procurement of soyabean under the price support scheme (PSS) in Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, and Telangana for Kharif 2024-25.

A quantity of 19.99 lakh tonnes of soyabean has been procured till February 9, 2025 benefitting 8,46,251 farmers.

"Minister of agriculture and farmers' welfare Shri Shivraj Singh Chouhan has approved the proposal to extend the period of procurement in Maharashtra by 24 days and in Telangana by 15 days beyond the normal procurement period of 90 days keeping the interest of farmers of the state," the statement said.

Similarly, the government approved the procurement of groundnut under the PSS in Andhra Pradesh, Chhattisgarh, Gujarat, Haryana Karnataka, Rajasthan, and Uttar Pradesh for Kharif 2024-25.

A total of 15.73 lakh tonnes of groundnut has been procured till February 9, 2025 benefitting 4,75,183 farmers.

Chouhan has approved the proposal to extend the period of procurement of groundnut in Gujarat by six days and in Karnataka by 25 days beyond the normal procurement period of 90 days in the interest of farmers of the state.

Meanwhile, the Centre also approved the continuation of the integrated Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) Scheme during the 15th Finance Commission Cycle up to 2025-26.

The PM-AASHA scheme comprises PSS, Price Deficiency Payment Scheme (PDPS), Market Intervention Scheme (MIS) and Price Stabilisation Funds (PSF).

Department of Agriculture & Farmers' Welfare administers PSS, PDPS, and MIS, whereas the Department of Consumer Affairs administers PSF.

The PM-AASHA Scheme is administered to bring in more effectiveness in the implementation of procurement operations. This would not only help in providing remunerative prices to the farmers for their produce but also control the price volatility of essential commodities by ensuring their availability at affordable prices to consumers.

Under the PSS, the procurement of notified pulses, oilseeds and copra conforming to the prescribed fair average quality (FAQ) is undertaken by the central nodal agencies (CNAs) at the MSP directly from the pre-registered farmers through the state-level agencies.

Further, to incentivise the farmers contributing to the enhancement of domestic production of pulses and to reduce the dependence on imports, the Centre has allowed the procurement of tur, urad and masur under PSS equivalent to 100 per cent of the production of the state for the 2024-25 procurement year.

The government has also announced in the Budget that procurement of tur, urad and masur up to 100 per cent of the production of the state will be continued for another four years through central nodal agencies to achieve self-sufficiency in pulses in the country, the statement said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :central governmentMaharashtraTelanganasoyabeangrain procurementPM AASHA

First Published: Feb 10 2025 | 7:40 PM IST

Next Story