PM-AASHA Scheme for Farmers

Current Context : Union Cabinet approved the extension of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA).

• Total Financial Outlay: 35,000 crore during 15th Finance Commission Cycle upto 2025-26.

ABOUT PRADHAN MANTRI ANNADATA AAY SANRAKSHAN ABHIYAN (PM-AASHA)

• It is an umbrella scheme introduced by the Government of India to ensure that farmers receive a remunerative price for their produce.
• Launched in 2018 
• Aim : to provide price support to farmers, especially for pulses, oilseeds, and copra, and supplement the existing procurement mechanism.
• Implementation: The central nodal agencies like NAFEDand FCI (Food Corporation of India) are responsible for procuring under the PSS.

PM-AASHA includes components :

• Price Support Scheme (PSS)
• Price Stabilisation Fund (PSF)
• Price Deficit Payment Scheme (PDPS)
• Market Intervention Scheme (MIS)