Indian govt approves procurement of 7.11 lakh tonnes of soybean, moong, and tur at MSP in 3 States
The procurement of these in Uttar Pradesh and Karnataka will benefit growers to the tune of ₹5,547.99 crore
The Indian government has approved the procurement of 7.11 lakh tonnes of soybean, moong, and tur at their minimum support prices (MSPs) in Uttar Pradesh, Telangana, and Karnataka. This decision, aimed at protecting farmers from declining market prices, will benefit growers and encourage domestic production of pulses and oilseeds. Under the price support scheme (PSS), the Centre’s nodal agencies, Nafed and NCCF, will step in to purchase oilseeds and pulses when market prices fall below the government-declared MSPs.
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