National Mission on Edible Oil-Oil Palm: New Edible oil mission

The Centre will spend Rs. 11,000 crores on a new mission to ensure self-sufficiency in edible oil production at a time when India’s dependence on expensive imports has driven retail oil prices to new highs.
This financial outlay for the National Mission on Edible Oil-Oil Palm (NMEO-OP) will be over a five-year period.

“Today, when India is being recognised as a major agricultural exporting country, then it is not appropriate for us to depend on imports for our edible oil needs,” Mr. Modi said noting that the share of imported palm oil is more than 55%. “We have to change this situation. The thousands of crores that we have to give to others abroad to buy edible oil should be given to the farmers of the country only,” he added, naming north-eastern India and the Andaman and Nicobar Islands as prime locations for oil palm cultivation.
NMEO's proposal would aim to reduce import dependence from 60% to 45% by 2024-25, by increasing domestic edible oil production from 10.5 million tonnes to 18 million tonnes, a 70% growth target.

It projected a 55% growth in oilseed production, to 47.8 million tonnes. It is not clear whether these targets have changed under the final version of the mission.
The NMEO-OP’s predecessor was the National Mission on Oil Seeds and Oil Palm , which was launched at the fag end of the UPA government’s tenure and later merged with the National Food Security Mission.
Laying out its achievements in May 2020, the Agriculture Ministry said oilseed production had grown 35% from 27.5 million tonnes in 2014-15 to 37.3 million tonnes by 2020-21. Although oilseed acreage rose only 8.6% over that six-year period, yields rose more than 20%.
At the PM-Kisan event, Mr Modi noted that although the country’s granaries were full of cereals such as rice and wheat, with the government making record purchases from farmers at MSP rates, self-sufficiency was yet to be attained in pulses and oil. Previous efforts to boost the production of pulses in the country had resulted in a 50% growth over the last six years, he said. “The work we did in pulses, or in the past with wheat and paddy, now we have to take the same resolution for the production of edible oil also. For our country to be self-sufficient in this edible oil, we have to work fast,” he added.
“Through this mission, more than Rs. 11,000 crores will be invested in the edible oil ecosystem. The government will ensure that farmers get all the needed facilities, from quality seeds to technology. Along with promoting the cultivation of oil palm, this mission will also expand the cultivation of our other traditional oilseed crops,” he said.

Source: PIB

Join Our Telegram

Voice clone-AI

Pradhan Mantri Suryodaya Yojana

06 Feb, 24
SHARE

Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New an

Foreign Contribution Regulation Act (FCRA)- NGO

06 Feb, 24
SHARE

The Foreign Contribution Regulation Act, 2010 (FCRA) registration of two prominent non-governmental organisations (NGOs) — Centre for Policy Research (CPR) and World Vision India (WVI) have been cancelled this month. What is FCRA? Key provisions of FCRA, 2010 Key aspects Description

Voice clone-AI

06 Feb, 24
SHARE

Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na

Science communication- how to promote

06 Feb, 24
SHARE

Steps taken by India to promote Science Communication Publications and Information Directorate (PID) - An organisation under Council of Science and Industrial Research (CSIR) established in 1951 for publishing and disseminating scientific information in India. National science magazines- The PI

Universal Basic Income (UBI)- Analysis

05 Feb, 24
SHARE

Universal Basic Income (UBI) can strengthen welfare architecture and unlock the nation’s latent demographic potential. UBI - It is an income support mechanism typically intended to reach all or a very large portion of the population regardless of their earnings or employment status. Objective- To provide enough to co