Govt sets aside Rs 10,000 cr to boost edible oil production
The Indian government has approved the National Mission on Edible Oils–Oilseeds (NMEO-Oilseeds) with a financial allocation of ₹10,103 crore. This mission aims to increase domestic edible oil production from 12.7 million tonnes to 20.2 million tonnes by 2031. It focuses on boosting key oilseeds like rapeseed-mustard, groundnut, soybean, and sunflower, while also improving extraction from sources like cottonseed and rice bran.
The Centre on Thursday approved the National Mission on Edible Oils–Oilseeds (NMEO-Oilseeds), with a financial outlay of `10,103 crore.India is dependent on imports to meet 58 per cent of its edible oil requirements.
The NMEO-Oilseeds proposal was approved by the Union Cabinet, which met under Prime Minister Narendra Modi. Union Information & Broadcasting Minister Ashwini Vaishnaw said the mission aims to increase edible oil production from 12.7 million tonnes to 20.2 million tonnes by 2031. It will have a financial outlay of `10,103 crore.
“The newly approved NMEO-Oilseeds will focus on enhancing the production of key primary oilseed crops such as rapeseed-mustard, groundnut, soybean, sunflower, and sesamum, as well as increasing collection and extraction efficiency from secondary sources such as cottonseed, rice bran, and tree borne oils,” said the statement.
The government, meanwhile, also reorganised all centrally sponsored schemes under the Agriculture Ministry under two umbrella schemes — the PM Rashtriya Krishi Vikas Yojana and the Krishonnati Yojana (KY).
Source Link : https://indianexpress.com/article/india/govt-sets-aside-rs-10000-cr-to-boost-edible-oil-production-9602687/
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