Price Stablisation Fund to regulate price volatility of onion and potato

A new initiative taken by the Government is the setting up of Price Stablisation Fund (PSF) a Central Sector Scheme, being implemented by the Department of Agriculture & Co-operation (DAC) with a corpus of Rs.500 crore. The scheme is expected to help in regulating price volatility of agricultural and horticultural commodities both when there is price rise or vice-versa. Initially the support is for procurement of onion and potato only. This information was given by the Minister of Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan in a written reply in Lok Sabha today.