In order to create a buffer stock, National Agricultural Cooperative Marketing Federation of India (NAFED), Small Farmers’ Agribusiness Consortium (SFAC) and Food Corporation of India (FCI) will procure pulses at prevailing market rates from farm-gate and mandis.
For this, Rs 50 crore and Rs 40 crore has been released to FCI and NAFED respectively to start procurement of pulses in Kharif Marketing Season 2015-16. SFAC will undertake procurement from Rs 9 crore Price Stabilisation Fund (PSF) already available with them. This information was given by the Minister of Consumer Affairs, Food and Public Distribution, Ram Vilas Paswan in a reply in Rajya Sabha today.
The country has been facing shortage of pulses for last one year which has shot up its prices to the out of people’s reach. This led the government to import the pulses which too proved to be a drop in the Ocean.