National mission to step up domestic production of edible oils

The Union Cabinet took several steps to boost the production of edible oils and reduce the dependence on imports.

Daily Current Affairs Quiz 2021

It has given its approval to launch a new Mission on Oil palm to be known as the National Mission on Edible Oils – Oil Palm (NMEO-OP).

It will be a new Centrally Sponsored Scheme with a special focus on the North east region and the Andaman and Nicobar Islands.

The proposed scheme will subsume the current National Food Security Mission-Oil Palm programme.

To give impetus to the North-East and Andaman, the Government will bear additional cost of 2 per cent of the Crude Palm Oil price to ensure that the farmers are paid at par with the rest of the country.