{"id":127243,"date":"2021-08-19T18:07:57","date_gmt":"2021-08-19T12:37:57","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=127243"},"modified":"2021-08-20T16:55:08","modified_gmt":"2021-08-20T11:25:08","slug":"cabinet-approves-implementation-of-national-mission-on-edible-oils-oil-palm","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/cabinet-approves-implementation-of-national-mission-on-edible-oils-oil-palm\/","title":{"rendered":"Cabinet approves implementation of National Mission on Edible Oils Oil Palm"},"content":{"rendered":"<p><b>Source:<\/b><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=1746942\"><b> PIB<\/b><\/a><\/p>\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The Union Cabinet has given its approval to launch a new Mission on Oil palm, to be known as the National Mission on Edible Oils \u2013 Oil Palm (NMEO-OP).<\/span><\/p>\n<h5><b>About National Mission on Edible Oils \u2013 Oil Palm (NMEO-OP):<\/b><\/h5>\n<ul>\n<li><b>NMEO-OP <\/b><span style=\"font-weight: 400;\">is a Centrally Sponsored Scheme that aims to boost<\/span><span style=\"font-weight: 400;\"> domestic production of Palm Oil and reduce its dependence on imports.<\/span><\/li>\n<li><b>The mission has a special focus<\/b><span style=\"font-weight: 400;\"> on the North-eastern region and the Andaman and Nicobar Islands.<\/span><\/li>\n<li><b>Target:<\/b><span style=\"font-weight: 400;\"> The mission hopes to increase the area under oil palm by an additional 6.5 lakh hectares by 2025-26. It also has a target to increase the production of crude palm oil to 11.2 lakh tonnes by 2025-26 and up to 28 lakh tonnes by 2029-30.<\/span><\/li>\n<\/ul>\n<h5><b>Major Focus Areas of the scheme:<\/b><\/h5>\n<p><b>Price Assurance:<\/b><\/p>\n<ol>\n<li><b>The oil palm farmers <\/b>will <span style=\"font-weight: 400;\">produce Fresh Fruit Bunches(FFBs) from which Palm oil is extracted by the industry.<\/span><b>\u00a0<\/b><\/li>\n<li><b>Presently,<\/b><span style=\"font-weight: 400;\"> the prices of these FFBs are linked to the international Crude Palm Oil(CPO) prices fluctuations.\u00a0<\/span><\/li>\n<li><b>So if the market is volatile,<\/b><span style=\"font-weight: 400;\"> then the Centre will pay the difference in price to the farmers through direct benefit transfer<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li><b>This price assurance<\/b><span style=\"font-weight: 400;\"> will be given in the form of viability gap funding, and the industry will be mandated to pay <\/span><span style=\"font-weight: 400;\">14.3% of crude palm oil prices.<\/span><\/li>\n<li><b>Moreover,<\/b><span style=\"font-weight: 400;\"> in a bid to encourage oil palm cultivation in northeastern India and in the Andaman and Nicobar Islands, the <strong>Centre will bear an additional cost of 2% of the crude palm oil prices in these States<\/strong>.\u00a0<\/span><b><\/b><b><\/b><b><\/b><b><\/b><\/li>\n<li><b>Hence, <\/b><span style=\"font-weight: 400;\">this will protect the farmers from the fluctuations of the international CPO\u00a0 prices and protect them from volatility.\u00a0\u00a0<\/span><\/li>\n<\/ol>\n<p><b>The assistance of Inputs\/Interventions: <\/b><span style=\"font-weight: 400;\">The scheme has been made a substantial increase in the assistance of inputs\/interventions:\u00a0\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><b>A substantial increase <\/b><span style=\"font-weight: 400;\">has been made for planting material for oil palm and this has increased from Rs 12,000 per ha to\u00a0 Rs.29000 per ha.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Further,<\/b><span style=\"font-weight: 400;\"> a substantial increase has been made for maintenance and intercropping interventions.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Moreover,<\/b><span style=\"font-weight: 400;\"> assistance will be provided to seed gardens to address the issue of shortage of planting material in the country.<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Source: PIB What is the News? The Union Cabinet has given its approval to launch a new Mission on Oil palm, to be known as the National Mission on Edible Oils \u2013 Oil Palm (NMEO-OP). About National Mission on Edible Oils \u2013 Oil Palm (NMEO-OP): NMEO-OP is a Centrally Sponsored Scheme that aims to boost&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/cabinet-approves-implementation-of-national-mission-on-edible-oils-oil-palm\/\">Continue reading <span class=\"screen-reader-text\">Cabinet approves implementation of National Mission on Edible Oils Oil Palm<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,956,9,959],"tags":[8816,9169,9109],"class_list":["post-127243","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-schemes-and-programs","category-public","category-schemes","tag-major-crops-and-cropping-patterns","tag-national-mission-on-edible-oils-oil-palm","tag-palm-oil-production","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/127243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=127243"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/127243\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=127243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=127243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=127243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}