Why in News? 

The Government of India has recently approved the continuation of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) scheme through the 15th Finance Commission cycle, extending its implementation until 2025-26. 

About 

A comprehensive initiative designed to provide farmers with remunerative prices through effective procurement operations and price support mechanisms. 

• Ministry: Ministry of Agriculture & Farmers’ Welfare 
• Implementing Agencies: Central Nodal Agencies like NAFED and NCCF, in coordination with State Governments 

 Key Components 

• Price Support Scheme (PSS) 
  • Procurement of pulses, oilseeds, and copra at Minimum Support Price (MSP) through NAFED & NCCF. 
  • Covers 25% of national production, except Tur, Urad, and Masur, which have 100% procurement for 2024-25. 
•  Price Stabilization Fund (PSF) 
  • Maintains buffer stock of pulses and onions to stabilize market prices. 
  • Prevents hoarding and ensures affordable supply for consumers. 
•  Price Deficit Payment Scheme (PDPS) 
  • Compensates farmers for the difference between MSP and market price. 
  • Extended to 40% of oilseed production for four months. 
•  Market Intervention Scheme (MIS) 
  • Supports perishable horticulture crops by offering remunerative prices. 
  • Covers 25% of production, with direct payment to farmers instead of physical procurement. 

 Key Features 

• Guaranteed MSP Procurement: Farmers receive fair prices for their produce. 
• Self-Sufficiency in Pulses: 100% procurement of Tur, Urad, and Masur committed for the next four years. 
• Reduced Import Dependence: Encourages domestic production to minimize reliance on pulses imports. 
• Direct Farmer Registration: Farmers can pre-register and sell directly at procurement centers. 
• Market Price Stabilization: Controls price fluctuations and ensures affordable food supply.