Price Support Scheme (PSS)

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About Price Support Scheme:

It is being implemented by the Government of India in the state.
It is one of the components of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (AASA) scheme.
Implemented by: The Department of Agriculture & Cooperation implements this scheme for procurement of oil seeds, pulses and cotton, through NAFED which is the Central nodal agency, at the MSP declared by the government.
Main crops covered: Bajra, Jowar, Maize, Paddy, Cotton, Tur, Moong, Urad, Groundnut, Sesamum Wheat, Gram, Mustard, Sugarcane etc.

What are the Benefits?

Farmers get the benefit of the scheme through the sale of their produce at support price in APMC centres opened by the Nodal procurement agency.
When prices of commodities fall below the MSP, State and central notified procurement nodal agencies purchase commodities directly from the farmers at MSP, Under specified FAQ (fair Average Quality).
In this way, prices of the main commodities are procured and protect the farmers against economic loss in farming.

Q1) What is Minimum Support Price?

Minimum Support Price is a price set by the government to ensure that farmers receive a minimum guaranteed price for their agricultural produce. The MSP is a part of the agricultural support policy implemented by the government to protect farmers from fluctuations in market prices and provide them with a safety net.

Source: In order to boost domestic production, Government removes ceiling for procurement of Tur, Urad and Masur under Price Support Scheme (PSS) for 2023-24; Farmers free to sell any amount of their produce of Tur, Urad and Masur under PSS this year