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Govt. Operations of Nafed
During the year 2014-15,Nafed achieved a bussiness turnover of Rs.2516.38 Crore. The major share in turnover was of domestic trade, which accounted for Rs.2515.83 Crore. The domestic trade ibcludes bussuness in outright Accoun and Price Support Scheme on behalf Goverment of India. Nafed registered a turnover Rs.0.55 Crore on account of export of onion under outright account.
Price Support Scheme (PSS)
In Order to help the farmers in getting remunerative prices for their produce with a view to encourage higher investment and as also to increase production and productivity of a commodity, Government of India declares Minimum Support Price (MSPs) for 25 notified agricultural commodities for each Kharif & Rabi crop season.
[ RATE IN RS. PER QTL. FOR FAQ]
*An incentive bonus of Rs.200/-per qnintal be given over and above the MSP.
Department of Agriculture and coopration (DAC), Ministory of Agriculture, Govt. Of india has issued guidelines vite its latter dated 31.07.2014 stipulating therein responsbilities of State Govt. and Central Nodal Agencies for undertaking procurement of oilseeds, pulses and cotton under price Support Scheme (PSS).
As per the guidelines, States Goverrment, after evaluation of crop situation in their State, has to notify the expected production, sowing area, average yield, peak arrival/harvesting period for all those crop for which MSP is declared. The State Govt. will send coppy of such notification and willingness of State Goverment to exempt Mandi Tax/Levy, arrangements of publicity of the Scheme, working capital, logistic,godowns, gunny bags to DAC for approval.
During the year 2014-15, ruling market rates for milling copra, ball copra, toor and Urad, were above the Minimum Support price (MSP) declared by the Govt of india for the season.
During Rabi 2014, Nafed made procurement of 279611.125 MTs of gram valuing Rs. 94123.66 Lakh from the State of Rajasthan, Gujrat, Mahrashtra, Madhya pradesh, Andhra pradesh and Karnataka. Nafed also procured 1079.648 MTs of Toor and 6.70 MTs of Urad valuing Rs.1069.87 Lakh and 6.56 Lakh respectively during Kharif 2013.
Purchase of 1714.821 MTs of Mustrsd seeds valuing Rs.558.56 Lakh was made during Rabi 2014 season from Rajasthan. 6229.805 MTs of Groundnut pods valuing Rs.2753.08 Lakh was purchased in the State of Odisha during Rabi 2014 season. Purchase were also made for 4153.213 MTs of Sunflower seeds valuing Rs.1655.28 Lakh during Rabi 2014 season in the States of Odisha and Haryana. However, the market rates for Groundnut pods and sunflower seeds were lower then the MSP during Kharif 2015 season, but no purchase could be made as no concurrence has been received from interested State Goverments through DAC.
During the year 2014-15, procurement of oilseeds and pulses made by Nafed under PSS account is as under:
[ QTY. IN MTS/VALUE IN RS.LAKHS ]
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