(THE GIST OF PIB) Price Support Scheme (PSS)

(June-2023)

Recently, in a significant step towards enhancing domestic production of pulses, the government of India has removed the procurement ceilings of 40% for tur, urad and Masur under Price Support Scheme (PSS) operations for 2023-24.

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.

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.