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With reference to the Price Support Scheme, consider the following statements:
  1. It is one of the components of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (AASA) scheme.
  2. It is being implemented by the Department of Agriculture Research and Education.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    2 Only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the Price Support Scheme, consider the following sta...
Price Support Scheme

The Price Support Scheme is a government initiative to ensure that the farmers receive a minimum support price for their crops to safeguard their interest and ensure remunerative prices to the farmers for their produce.

Statements

Statement 1: It is one of the components of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (AASA) scheme.

The statement is correct. The Price Support Scheme is one of the components of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (AASA) scheme launched in 2018. The scheme aims to provide comprehensive income support to farmers and protect their interests. The other components of the scheme are PM-Kisan and Kisan Credit Card.

Statement 2: It is being implemented by the Department of Agriculture Research and Education.

The statement is incorrect. The Price Support Scheme is being implemented by the Department of Agriculture, Cooperation and Farmers Welfare (DAC&FW) under the Ministry of Agriculture and Farmers Welfare. The DAC&FW is responsible for the formulation and implementation of national policies and programs related to agriculture.

Conclusion

Therefore, the correct answer is option A, i.e. statement 1 only. The Price Support Scheme is an important initiative to ensure that the farmers receive a minimum support price for their crops and protect their interests. By ensuring remunerative prices to the farmers for their produce, the government aims to improve their standard of living and promote agricultural growth and development in the country.
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Community Answer
With reference to the Price Support Scheme, consider the following sta...
Recently, in a significant step towards enhancing domestic production of pulses, the government of India has removed the procurement ceilings of 40% for tur, urad and Masur under Price Support Scheme (PSS) operations for 2023-24.
  • It is being implemented by the Government of India in the state.
  • It is one of the components of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (AASA) scheme.
  • Implemented by: The Department of Agriculture & Cooperation implements this scheme for procurement of oil seeds, pulses and cotton, through NAFED which is the Central nodal agency, at the MSP declared by the government.
  • Main crops covered: Bajra, Jowar, Maize, Paddy, Cotton, Tur, Moong, Urad, Groundnut, Sesamum Wheat, Gram, Mustard, Sugarcane etc.
  • Farmers get the benefit of the scheme through the sale of their produce at support price in APMC centres opened by the Nodal procurement agency.
  • When prices of commodities fall below the MSP, State and central notified procurement nodal agencies purchase commodities directly from the farmers at MSP, Under specified FAQ (fair Average Quality).
Hence only statement 1 is correct.
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With reference to the Price Support Scheme, consider the following statements: It is one of the components of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (AASA) scheme. It is being implemented by the Department of Agriculture Research and Education.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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