DMPQ: Price stabilisation fund. ( schemes)

The fund was established with to mitigate volatility in the prices of agriculture produce. It was established with a corpus of 500 Crore which aims at price stability.  The fund will be utilised for  following purpose:

 

  • Direct purchase from farmers at farm gate
  • Maintaining a strategic buffer stock that would discouraged hoarding and unscrupulous speculation.
  • To safeguard the interest of consumers by supplying such commodities at reasonable prices.
  • To support market intervention for price control of perishable agri- horticultural commodities.
  • The state will have to set up a revolving fund to which centre and state will contribute equally. The same ratio will be 75:25 in North eastern states.

 

 

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