PM Narednra Modi launched an ambitious scheme Pradhan Mantri Annadata Aay Sanrakshan Abhiyan for the farmers of the country. Prime Minister has launched this scheme to boost the campaign of Doubling Farmers Income by 2022. The new scheme will be a mix of sub-schemes, which will involve direct procurement from farmers (price support scheme or PSS), paying them for losses incurred when wholesale market prices are lower than announced MSPs (price deficiency payment scheme or PDPS), and procurement by private traders at MSP as a pilot project.
Pradhan Mantri Annadata Aay Sanrakshan Abhiyan
The performance of PM-AASHA will be critical as agriculturally important states such as Madhya Pradesh, Rajasthan and Chhattisgarh, which grow pulses and oilseeds, will go to polls this year. Wholesale prices of these crops fell sharply over the past two years, driven by higher production, forcing farmers to sell at a loss.
Details of PM AASHA (Pradhan Mantri Annadata Aay Sanrakshan Abhiyan)
The Cabinet has sanctioned Rs 15,053 crore to implement the scheme — Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) — in the next two financial years, of which Rs 6,250 crore will be spent this year. That apart, the credit line for procurement agencies has been enhanced by providing additional government guarantee of Rs 16,550 crore, taking the total to Rs 45,550 crore. “The PM-AASHA is aimed at ensuring remunerative prices to the farmers for their produce as announced in the Union Budget for 2018.
Under the PM-AASHA, states will be allowed to choose from three schemes — existing Price Support Scheme (PSS), newly designed Price Deficiency Payment Scheme (PDPS) and the pilot Private Procurement Stockist Scheme (PPSS) — to undertake procurement when prices of commodities fall below the MSP level. The scheme is expected to ensure that farmers get the MSP fixed by the Centre for crops grown this kharif season, to be marketed from next month.