Price Support Scheme (PSS)

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.

 

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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