PM-AASHA Scheme: MSP Procurement, Price Support and Price Deficiency Payments

UPSC Relevance: Agriculture | MSP | GS III

Full Form

Pradhan Mantri Annadata Aay Sanrakshan Abhiyan

Objective

To ensure remunerative prices to farmers, particularly for pulses and oilseeds.

Important Components

Price Support Scheme (PSS)

• Physical procurement by designated agencies when market prices fall below MSP.

Price Deficiency Payment Scheme (PDPS)

• Farmer receives the difference between MSP and prescribed market/selling price.

Under PSS, notified pulses, oilseeds and copra meeting Fair Average Quality norms are procured through central nodal agencies.

Prelims Pointer

PM-AASHA is directly linked to the Minimum Support Price architecture.