PM-Asha scheme: The Modi government is implementing numerous schemes for the benefit of India’s farmers. The central government is running numerous schemes to provide financial assistance to farmers.
The government is running many schemes, including Pradhan Mantri Fasal Bima Yojana, PM Kisan Yojana, Kisan Credit Card Yojana, and Pradhan Mantri Krishi Sinchai Yojana. Once again, the Modi government has bestowed a significant gift upon the farmers.
The PM Asha scheme for farmers has received approval to continue and expand its scope. Giving information about the decisions taken in the cabinet meeting recently, Union Minister Ashwini Vaishnav said that the Cabinet has approved PM Asha with an outlay of Rs 35000 crore.
PM-Asha scheme Benefits
In his social media post, Prime Minister Modi announced that this scheme will not only provide farmers with a favorable price for their crops, but also benefit consumers. The integration of the Price Support Scheme and Price Stabilization Fund schemes into the PM-Asha scheme will enhance its implementation efficiency.
Procurement at MSP
Under this scheme, the procurement of pulses, oilseeds, and copra notified at MSP from the 2024–25 session will be 25 percent of the national production. This will enable the states to procure more crops from the farmers. We have already fixed 100% procurement of tur, urad, and lentils, which will provide relief to the farmers in times of crisis.
An increase in financial security
The central government has increased the existing government guarantee for procurement at MSP to Rs 45,000 crore. This will enable more procurement of pulses, oilseeds, and coconuts when market prices fall below the MSP.
What is the PM Asha Scheme?
The Modi government has decided to continue the PM Asha Scheme. The government has given this approval with the goal of providing better prices to farmers and overcoming the price volatility of essential commodities for consumers. Under this scheme, the government purchases pulses and oilseed crops when the price goes below the MSP.
Expenditure of Rs 35000 crore
According to the statement, the total financial expenditure during the 15th Finance Commission till 2025-26 will be Rs 35,000 crore. The government has integrated the Price Support Scheme (PSS) and Price Stabilization Fund (PSF) schemes into PM-ASHA to provide service to farmers and consumers more efficiently.
