The Government of India has decided to extend the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) scheme until the year 2025-26. This decision is intended to provide better income support to farmers by ensuring they receive fair prices for their crops. Additionally, PM-AASHA plays a role in stabilizing the prices of essential food items, which is advantageous for both farmers and consumers.
What are the Key Components of PM-AASHA?
The PM-AASHA scheme includes several important elements that provide direct benefits to farmers. A key aspect of this scheme is the Price Support Scheme (PSS). Under this initiative, the government purchases specified pulses, oilseeds, and copra at the Minimum Support Price (MSP) from farmers who have registered in advance, using designated agencies such as NAFED and NCCF. This guarantees that farmers receive a fair price for their produce, even during times when market prices are depressed.
Another significant component is the Price Stabilization Fund (PSF), which is designed to manage price volatility. The government uses this fund to maintain buffer stocks of pulses and onions, ensuring that these products remain affordable in the market.
The Price Deficit Payment Scheme (PDPS) is also an essential feature of the program. It compensates farmers for any price difference between the MSP and the prevailing market price. This mechanism encourages the production of oilseeds and helps farmers maintain a stable income.
How is the Government Enhancing Financial Commitments to Farmers?
The government has notably enhanced its backing for the PM-AASHA scheme by increasing the procurement limit for pulses, oilseeds, and copra. It has pledged to procure up to 25% of the national production under the Price Support Scheme (PSS), with a full commitment for Tur, Urad, and Masur in the 2024-25 season. This move will significantly improve farmers’ incomes, particularly during the Kharif season.
In addition, the government has renewed and enhanced its financial guarantee to ₹45,000 crore to facilitate the procurement process. This financial support will enable smooth operations and better coverage of farmers under the scheme.
