(The Gist of PIB) Operation Greens scheme  [MARCH-2020]

(The Gist of PIB)  Operation Greens scheme

Operation Greens scheme

• In the budget speech of Union Budget 2018-19, a new Scheme “Operation Greens” was announced on the line of Operation Flood.

About:

• It is an outlay of Rs.500 crores to promote Farmer Producers Organizations (FPOs), agri-logistics, processing facilities and professional management.
• The Ministry has formulated a scheme for integrated development of Tomato, Onion and Potato (TOP) value chain.

Key highlights:

• As per the terms of the OG Scheme, during a glut situation, evacuation of surplus production from producing areas to consumption centres will be undertaken as determined by the following:
• When the prices fall below preceding 3 years’ average market price at the time of harvest;
• When the prices fall more than 50% compared to last year’s market price at the time of harvest;
• When the prices fall less than the benchmark, if any, fixed by the State / Central Government for a specified period.

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Courtesy: PIB