Central government is committed to 100 percent procurement of arhar, urad, and masoor from all states at MSP. To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions.
India’s dependence on imports for meeting its domestic demand for edible oils has increased during the last few decades and roughly 60 percent of domestic consumption is met through imports. The upcoming Union Budget for 2024-25 is expected to modify the flagship Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA), assuring a minimum support price (MSP) for select pulses and oilseeds through either 100 per cent direct purchase or price deficiency payments.
Presentation- Dibyabharati Nayak
