Procurement of Oilseeds and Pulses under Price Support Scheme
NAFED is one of the Central Nodal Agencies for procurement of 16 notified agricultural commodities of Oilseeds, Pulses and Cotton under Price Support Scheme(PSS) and continues to be the sole Central Nodal Agency for procurement of Milling Copra, Ball Copra and De-husk Coconut under Price Support Scheme. Under the scheme, procurement is to be undertaken, if the market price of FAQ stocks rule at or below the declared MSPs and procurement is to be continued till the market price stabilize above the declared MSP or harvesting period of 90 days as declared by respective State Governments, whichever is earlier, NAFED is procuring FAQ stocks under PSS directly from the farmers through its Cooperative network at State level and Primary level. The payment to the farmers is made only through digital mode like RTGS/NEFT. Losses, if any, incurred is PSS Operations of Oilseeds, Pulses and Cotton are fully reimbursed by Government of India Profit, if any, on disposal of the commodities procured under PSS is transferred to Government of Inida. NAFED has been implementing the Scheme on behalf of Government of India for more than four decades.
During last five years (2014-15 to 2018-19), NAFED made an unprecedented record procurement of 91.098 lakh MT of oilseeds and pulses under the Price Support Scheme, up by 1205% when compared to quantity of 7.02 lakh MT during corresponding period of previous five years, i.e. 2009-10 to 2013-14.