Consider the following statements regarding the Price Support Scheme (PSS): 1. It aims to provide subsidies to farmers for purchasing seeds and fertilizers. 2. National Agricultural Cooperative Marketing Federation of India (NAFED) is responsible for implementing the scheme. Which of the statement(s) given above is/are correct? |ForumIAS

Q. Consider the following statements regarding the Price Support Scheme (PSS):
1.It aims to provide subsidies to farmers for purchasing seeds and fertilizers.
2.National Agricultural Cooperative Marketing Federation of India (NAFED) is responsible for implementing the scheme.
Which of the statement(s) given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Explanations –

Statement 1 is incorrect. The Price Support Scheme (PSS) aims to ensure that farmers receive a remunerative price for their produce by procuring certain agricultural commodities (like pulses, oilseeds, and cotton) at the Minimum Support Price (MSP) when market prices fall below the MSP. It aims to stabilize farmers’ income and protect them from market fluctuations.

Statement 2 is correct. NAFED is one of the central nodal agencies responsible for implementing the PSS.

Source: The Hindu

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