You are here: Home » PTI Stories » National » News
Business Standard

NAFED to procure 20 lakh tonne each of pulses, oilseeds from farmers at MSP rate

Press Trust of India  |  New Delhi 

is planning to buy 20 lakh tonne of mustard and 15-20 lakh tonne of pulses in the ongoing rabi (winter-sown) harvesting season at the (MSP), its Chaddha said Friday.

will buy pulses and oilseeds on behalf of the government to provide MSP to farmers, he said, adding that the has made arrangements of funds to carry out this procurement operations.

"We will be purchasing 15-20 lakh tonne of pulses and 20 lakh tonne of mustard in the ongoing rabi harvesting season," Chaddha told reporters on the sidelines of a conference organised by industry body on compressed

He said already has a stock of 35 lakh tonne of pulses.

Asked about disposal of the pulses stock, Chaddha said the Centre provides pulses to states at a subsidised price for distribution through the ration shops.

On the compressed programme, Chaddha said NAFED and (IOC) are working with private entrepreneurs to set up bio-CNG across the country using agri-wastes.

IOC said about 200 letters of intent (LOIs) have been issued so far to set up plants, which would require an investment of Rs 25-40 crore each.

He said companies would buy compressed from these plants for supply through their at around Rs 50 per kg.

Kumar said these projects should be treated under the priority sector lending so that the private companies get at cheaper rates.

company Clean Effentech (CEF) will provide technology to these proposed plants.

"We expect that many plants will become operational by the end of this year in Uttar Pradesh, and Punjab," CEF group said, adding that the government is targeting 5,000 such plants by 2023.

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

First Published: Fri, April 12 2019. 16:25 IST