Government removes ceiling for procurement of Tur, Urad and Masur under Price Support Scheme (PSS) for 2023-24
In a significant step towards improving domestic legume production, the government removed the 40% supply ceilings for tur, urad and Masur under the Price Support Scheme (PSS) operations for 2023-24. The decision effectively guarantees the supply of these legumes by farmers to PSM without limits. The government’s secure supply of these pulses at lucrative prices will help motivate farmers to improve the planting area against tur, urad, and Masur in the upcoming Kharif and Rabi planting seasons in order to improve production.
It may be recalled that the government had, 2na June 2023 imposed stock limits on tur and urad by invoking the Essential Commodities Act, 1955 in order to prevent hoarding and unscrupulous speculation and also to improve affordability for consumers. Stock limits have been made applicable to wholesalers, retailers, supermarkets, millers, and importers. It has also been made mandatory for these entities to report the location of stocks on the portal (https://fcainfoweb.nic.in/psp) of the Department of Consumer Affairs.
In a follow-up action to the stock limits imposed on tur and urad, the Department of Consumer Affairs has directed state governments to ensure strict enforcement of the limits in their respective states. As part of the enforcement, states were also asked to monitor prices and inventory locations by checking with various warehouse operators. In parallel, the Department also asked Central Warehousing Corporation (CWC) and State Warehousing Corporation (SWC) to provide details of tur and urad held in their warehouses.
Observer Voice is the one stop site for National, International news, Editor’s Choice, Art/culture contents, Quotes and much more. We also cover historical contents. Historical contents includes World History, Indian History, and what happened today. The website also covers Entertainment across the India and World.