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Government has converged the Price Support Scheme (PSS) & Price Stabilization Fund (PSF) schemes in PM AASHA to serve the farmers and consumers more efficiently.
- PM-AASHA will now have components of Price Support scheme (PSS) ,Price Stabilization Fund (PSF) , Price Deficit Payment Scheme (PDPS) and Market Intervention Scheme (MIS).
Key Features of Renewed PM-AASHA Scheme:
- Objectives: To ensure remunerative prices to farmers for their produce of oilseeds, pulses, copra etc.
- Total Financial Outlay: Rs. 35,000 crore during 15th Finance Commission Cycle upto 2025-26
- Components of Scheme:
- Price Support Scheme (PSS): Procurement of notified pulses, oilseeds & copra at Minimum Support Price under PSS set at 25% of national production.
- Ceilings will not be applicable in case of Tur, Urad & Masur for 2024-25 season.
- Price Stabilization Fund (PSF): Government will procure pulses at market price when above MSP including from pre-registered farmers on eSamridhi (NAFED) and eSamyukti (NCCF) portals.
- Price Deficit Payment Scheme (PDPS): Coverage for oilseeds increased to 40%, with a 4-month implementation period.
- Market Intervention Scheme (MIS): MIS coverage increased to 25%; now differential payment will go directly into the farmers' account.
- Government will cover transport and storage costs for TOP (Tomato, Onion & Potato) crops.
- Price Support Scheme (PSS): Procurement of notified pulses, oilseeds & copra at Minimum Support Price under PSS set at 25% of national production.
Benefits from converged Schemes:
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