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Centre okays plan to boost supply, curb prices of tomatoes, onions, potatoes

IANS  |  New Delhi 

The Union Industries on Monday approved a plan that offers subsidies on and storage of tomatoes, onions and potatoes (TOP).

The strategy -- Operations Greens -- also seeks to develop integrated value chains, according to an official statement.

Operation Greens was announced in this year's Union Budget with an aim to stabilise the prices and supply of these essential commodities to ensure their availability across the country throughout the year.

These measures are to be implemented over the short term and the long term.

(NAFED) will be the nodal agency to implement short-term price stabilisation measures, in which the Ministry will provide a subsidy of 50 per cent on of these three crops from production to storage and hiring of appropriate storage facilities.

Union Harsimrat Kaur Badal, who approved the measures, said the strategy was evolved after sustained dialogue with all the stakeholders.

"Price volatility of TOP crops wreaks havoc in the households of this country...Our government has laid down special measures and grants-in-aid under the scheme to ensure enhanced production of TOP crops and to augment value chain," she said.

The long-term measures include capacity building of Organisations and their consortia, production of good-quality crops, post-harvest processing facilities, agro-logistics, marketing and consumption points, and creation and management of for demand and

The pattern of assistance will comprise grants-in-aid at a rate of 50 per cent of the eligible project cost in all areas, subject to a maximum Rs 50 crore per project, and 70 per cent if the project is taken by a Organisation.

The Operation Greens seeks to enhance value realisation of TOP farmers, linking farmers to the markets, building infrastructure and agro-logistics to reduce post-harvest losses.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 22:36 IST
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