Centre’s approval to enhance buffer stock
The Centre approved the enhancing of buffer stock of pulses to 20 lakh tonnes so as to stabilize the prices and encourage farmers to scale up production.
The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Consumer Affairs for increasing the buffer stock from 8 lakh tonnes to 20 lakh tonnes.
Steps to be taken for Implementation
1. It will be built through domestic procurement and imports of 10 lakh tonnes each.
2. The government said the specific variety of pulses and their quantities for the buffer stock would be decided on the price and the availability.
3. To create the buffer stock, domestic procurement would be done by the Food Corporation of India, the National Agricultural Cooperative Marketing Federation of India and Small Farmers Agriculture-Business Consortium.