Oilseeds Sector In India
Statistics from PIB
📊 Around 56-60% of the edible oils consumed in the India, worth Rs 1,17,000 crore, is met through imports
Reasons for less production of Oilseeds in India
🅾️ Low crop yield due to poor quality seeds and usage of outdated technology
🅾️ Land fragmentation limits the potential for increased production
🅾️ Price fluctuations in markets
🅾️ Inadequate storage and distribution facilities
🅾️ Lack of value addition infrastructure
🅾️ Heavy competition from other crops like wheat, paddy, cotton, sugarcane, etc
🅾️ Long gestation period for crops like oil palm and it means low income in this period
🅾️ Lack of govt incentives for the cultivation of oilseeds
Govt initiatives to boost domestic production
✅ Oil Palm Area Expansion under Rastriya Krishi Vikas Yojana : increase MSP of oilseed crops, cluster development and create a buffer stock for oilseeds
✅ National Mission on Edible Oil-Oil Palm (NMEO-OP) aimed to have an additional 6.5 lakh hectares for palm oil by 2025-26.
✅ PM Krishi Sinchai Yojana (PMKSY) for improving water use efficiency
✅ PM Fasal Bima Yojana (PMFBY) to protect farmers against crop losses
✅ Kisan Credit Cards to ensure timely credit support to farmers for agriculture inputs such as seeds, fertilizers, pesticides etc.
Way Forward
🌱 Promote oilseeds cultivation in areas where there is assured irrigation.
🌱Invest in development of High Yielding Oilseeds
🌱 Provide incentives to private sector participation in processing and value addition infrastructure
🌱 Raise MSP for various oilseeds to encourage farmers
🌱 Promote cooperative farming to resolve issue of land fragmentation
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