Price Stabilisation Fund supporting horticulture farmers.
As the vegetables and fruits are perishable in nature and require safe storage which is highly expensive to the farmers. This withdraws the farmer from using the high-cost storage facilities which are readily available. In a hurry the farmer would want to sell off his produce at whatever the price may be just because he doesn’t want his produce to be waste. There are instances where farmer would throw his produce beside the road just because he would not even get the transportation cost out of the market cost available. In addition to this, there is such thing called Minimum Support Price to the fruits and vegetables which are with low shelf life.
Many a times all farmers tend to grow the same produce which has high demand at that point of time which would change by the time the produce is in hands of the farmer.
Here is the good news for the farmers from the Government of India who allocated the budget for price stabilisation fund. The fund allocated under PSF has been primarily utilized towards building the buffer of upto 20 lakh tonnes of pulses. In addition, creation of a buffer of 17,747 tonnes of Onions; import of 5000 tonnes of Tur and 2000 tonnes of Onions; purchase of 6011 tonnes of Onions by NAFED and SFAC; financial assistance to States like West Bengal (Rs. 2.5 crores), Andhra Pradesh (Rs. 25 crores) and Telangana (Rs. 9.15 crores) for setting State Level PSF; etc. were also undertaken.
Credit source: http://pib.nic.in/newsite/PrintRelease.aspx?relid=160050