 "Narendra Singh Tomar, Anurag Thakur")
With India’s edible oil imports projected to rise manifold in the coming years, the Union Cabinet today approved a new Rs 11, 040 crore mission to boost domestic palm oil production, highlight of which was a MSP-type mechanism for ensuring a bench mark assured price to farmers along with deficiency price payment through DBT.
The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort.
Recently, Yoga guru Baba Ramdev’s Patanjali group-led Ruchi Soya showed interest to start palm oil plantations in Assam, Tripura and other
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