Govt procured 8.9 mn tonnes of oilseeds, pulses from FY16 to Dec 2018: Min

Agriculture Minister Radha Mohan Singh

The government has purchased 89 lakh tonnes of oilseeds and pulses from 2015-16 to December, 2018 and the process is on, Agricultrue Minister Radha Mohan Singh said in Rajya Sabha on Friday.

Replying to a query during the Question Hour in the Upper House, the Minister said 89 lakh tonne of oilseeds and pulses were purchased till December 2018 as against eight lakh tonnes purchased between 2010-11 to 2013-14.

He said the purchases were made under price support scheme (PSS) through agriculutre cooperative NAFED and purchases were on.

In reply to another query, he said MSP operation was initiated in states like Tamil Nadu, Andhra Pradesh, Bihar and Uttar Pradesh within 24 hours as prices of certain commodities like potato had fallen 10 per cent in view of higher production.

The procurment was undertaken in the ratio of 50:50 sharing of funds by the Centre and states.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel