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Price Stabilization Fund

Swetha 21/07/2023

Price Stabilization Fund
News
Centre started procuring tomatoes
Under PSF
What
Fund to absorb volatility
In prices of selected commodities
Including tomatoes, onions, pulses
How
Target commodities purchased directly
From farmers by centre
Availability to consumers
At affordable rate
Losses shared between
Centre and states
Provision of interest-free loans
To state/ UT governments
Central agencies
Enable procurement and distribution of target commodities
Who
Established under Department of Agriculture
Cooperation & Farmers Welfare
Managed by Price Stabilisation Fund Management Committee
Maintained by Small Farmers Agribusiness Consortium
As a central corpus fund
Consortium promoted by agriculture ministry
When
Established in 2014-15

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Categories: Economic Issues - Inflation, Deflation, Slowdown, Recession, Depression, Schemes/Welfare Initiatives

Tags: 21.07.2023, Newsbits

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