Pulses Production – Subramanian Committee, Eco Survey, etc.

CCEA approves creation of buffer stock of pulses

In a bid to keep pulses price under check, that went sky-rocketing during past few months, the Centre has decided to do it.

  1. 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.
  2. 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).
  3. The procurement in kharif and rabi 2015-16 will be done at market price above MSP out of the price stabilisation fund.
  4. This move will reduce a price fluctuations and will also help in providing remunerative prices to farmers in times of excess production.

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