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PM-AASHA Scheme: Empowering Agriculture



  Jan 03, 2024

PM-AASHA Scheme



What is PM-AASHA?

PM-AASHA is an initiative by the Indian government to support farmers by ensuring fair prices for their crops, primarily pulses, oilseeds, and copra, through various price support mechanisms.

What components are included in PM-AASHA?

The scheme includes the Price Support Scheme (PSS), Price Stabilisation Fund, and Price Deficiency Payment System.

How does PM-AASHA benefit farmers?

PM-AASHA benefits farmers by providing them with a Minimum Support Price (MSP) for their crops, which helps to protect them from the volatility of market prices.

What is the Price Support Scheme (PSS)?

PSS is a component of PM-AASHA that allows the government to purchase pulses, oilseeds, and copra directly from farmers at MSP to safeguard their earnings.

What does the Price Stabilisation Fund do?

The Price Stabilisation Fund is designed to regulate the price of agricultural produce by curbing extreme price volatility, thereby benefiting both farmers and consumers.

How does the Price Deficiency Payment System work?

This system compensates farmers for the difference between the market price and the MSP when the market price falls below the MSP.

What is the budget for PM-AASHA?

For the fiscal year 2023-24, the government has earmarked Rs.28,100 crores for the PM-AASHA scheme.

Does PM-AASHA address market uncertainties?

Yes, by ensuring MSP and providing a buffer through the Price Stabilisation Fund, PM-AASHA helps mitigate market uncertainties for farmers.

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