In a bid to keep pulses price under check, that went sky-rocketing during past few months, the Centre has decided to do it.
- Cabinet Committee on Economic Affairs (CCEA) gave its approval for creation of buffer stock of pulses. The buffer stock will be created in current year itself.
- Procurement of pulses will be done at market prices through the FCI, the National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED), the Small Farmers’ Agribusiness Consortium (SFAC).
- The procurement in kharif and rabi 2015-16 will be done at market price above MSP out of the price stabilisation fund.
- This move will reduce a price fluctuations and will also help in providing remunerative prices to farmers in times of excess production.