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Nafed Gets Rs700 cr for Buying Pulses at MSP

New Delhi: The Centre has released Rs 700 crore to National Agricultural Cooperative Marketing Federation (Nafed) to buy rabi pulses and other agri-produce, grown in the 2016-17 crop year, at the minimum support price (MSP) and protect farmers from distress selling.

 

The fund will also be used to clear all outstanding payments to farmers for procurement of pulses, mustard seed, groundnut and other commodities undertaken in the 2016-17 crop year that ends this month. The amount has been made available under the Price Support Scheme (PSS) operated by the Agriculture Ministry.

 

From the amount, the multi-state farmers’ cooperative Nafed has already released Rs 512.18 crore to Maharasthra, Gujarat and Haryana. Till now 1 lakh tonnes of Tur under the Price Support Scheme have been procured in Maharshtra. Nafed is making additional procurement of 15,000 tonnes.

 

In Madhya Pradesh, Nafed which is currently procuring Moong and Urad under PSS has been directed by the ministry to buy 11,250 tonnes of Urad and 55,500 tonnes of Moong at MSP from farmers in the state.