Summary:

The government has granted $4.17 billion (Rs. 35,000 crores) for the PM Annadata Aay Sanrakshan Abhiyan (PM-AASHA) to provide remunerative pricing for farmers while stabilizing market prices for consumers. This move, announced by Union Minister Ashwini Vaishnaw during a Union Cabinet meeting headed by Prime Minister Narendra Modi, aims to shield farmers from distressed sales, particularly during peak harvesting months, thereby providing critical support to the agricultural industry.

The PM-AASHA initiative seeks to enhance self-sufficiency in essential crops such as pulses and oilseeds, increasing farmer income while protecting consumer interests. This action is projected to boost the agricultural sector and ensure long-term market stability in the upcoming fiscal years, particularly 2022-23.

Source: IBEF 

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