New scheme soon for farmers to sell maize at MSP
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The Indian Food Ministry will soon seek the Cabinet’s approval for a scheme that will ensure maize farmers get a guaranteed minimum support price (MSP), while distilleries get assured uninterrupted supply of the raw material to produce ethanol.
Disclosing the plan, a Food Ministry source said the Committee of Ministers has in-principle approved the scheme whereby cooperatives Nafed and NCCF will procure maize directly from farmers at MSP. They will, in turn, sell the produce to grain-based distilleries at MSP plus mandi tax. The incidental expenditure……
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