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Govt. Operations of Nafed
Price Support Scheme (PSS)
Government's Price Policy for agricultural produce seeks to ensure remunerative prices to the growers for their produce with a view to encourage higher investment and production, and to safeguard the interest of consumers by making available supplies at reasonable prices .NAFED is one of the Central Nodal Agency of the Government of India for undertaking procurement of identical Oilseeds and Pulses under Price Support Scheme (PSS) in addition to Cotton Corporation Of India CCI. NAFED commences the procurement from the farmers directly through its cooperative network when the market rates of a particular commodity fall below or touch at MSP. The MSP announced by the Governement of India are identified Oilseeds, Pulses and Cotton for the martketing season 2011-12 and 2012-13 are given as under :-
[ RATE IN RS. PER QTL. FOR FAQ]
* An additional incentive at the rate of Rs. 500/- PQ during the harvest or arrival period of 2 monthsto procurement agencies shall be provided.
** Till a final decision on revision of MSP for 2012-2013 taken by the Gont.
During the year 2011-12, the prices of Milling Copra, Toor and Urad ruled below the respective Minimum Support (MSP) fixed by the Government of India for the relevant marketing season.
NAFED procured a quantity of 2096 MTs of Milling Copra valued at Rs 10.52 crore in the States of Kerala,Tamil Nadu , Andaman and Nicobar Island under Price Supported Scheme.
In addition, NAFED has also procured a quantity of 1.60 MTs Urad valued at Rs. 0.06 crore in Rajasthan State and 168 MTs Toor valued at Rs. 0.52 crore in Maharashtra State under Price Support Scheme.
Details of various Oilseeds and Pulses procured by NAFED under PSS during the year 2011-12 are given as under :-
[ QTY. IN MTS/VALUE IN RS.LAKHS ]
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