Q. With reference to the Price Support Scheme (PSS), consider the following statements:
1.The Price Support Scheme is implemented to procure notified pulses, oilseeds, and copra from farmers at the Minimum Support Price (MSP) when market prices fall below the MSP.
2.The scheme is implemented by the Food Corporation of India (FCI) for all agricultural commodities covered under the MSP regime.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: 1 only
Statement 1 is correct: The Price Support Scheme (PSS) is a component of the PM-AASHA (Pradhan Mantri Annadata Aay Sanrakshan Abhiyan) framework. Under PSS, the Government procures pulses, oilseeds, and copra from farmers at the MSP through designated central nodal agencies whenever market prices fall below MSP.
Statement 2 is incorrect: The scheme is not implemented by FCI for all MSP crops. Procurement under PSS is primarily carried out by agencies such as:
- National Agricultural Cooperative Marketing Federation of India
- National Cooperative Consumers’ Federation of India
FCI mainly procures wheat and rice under separate procurement operations.
Source: DD News
