Which of the following forms a part of PM-AASHA? 1. Price Support Scheme 2. Price Deficiency Payment Scheme 3. Pilot of Private Procurement & Stockist Scheme
PM-AASHA is an umbrella scheme to ensure Minimum Support Price (MSP) to farmers. Following are the key components of the Scheme:
Price Support Scheme (PSS)
In Price Support Scheme PSS, physical procurement of pulses, oilseeds and Copra will be done by Central Nodal Agencies with proactive role of State governments.
Price Deficiency Payment Scheme (PDPS)
Under PDPS, direct payment of the difference between the MSP and the selling/modal price will be made to pre-registered farmers selling his produce in the notified market yard through a transparent auction process.
All payment will be done directly into registered bank account of the farmer.
This scheme does not involve any physical procurement of crops.
Pilot of Private Procurement & Stockist Scheme (PPPS)
In addition to PDPS, it has been decided that for oilseeds, states have the option to roll out Private Procurement Stockist Scheme (PPSS) on pilot basis in selected district/APMC(s) of district involving the participation of private stockist.
Wheat, paddy and coarse grains are procured under the existing schemes of Department of Food and Public Distribution and Cotton is procured under the existing schemes of Ministry of Textiles.
It is helping farmers in getting increased MSP which provides adequate returns over the cost of production.