PM-AASHA Scheme (Pradhan Mantri Annadata Aay Sanrakshan Abhiyan)

• Objective:
  • Ensure fair pricing for farmers
  • Manage price volatility of essential commodities
• Key Components:
  • Price Deficit Payment Scheme (PDPS):
    • Compensates farmers when market prices fall below the Minimum Support Price (MSP)
    • Central government covers the difference (up to 15% of MSP)
  • Price Support Scheme (PSS):
    • Market intervention to purchase crops directly at MSP
  • Price Stabilisation Fund (PSF):
    • Aims to stabilize prices of essential commodities
  • Market Intervention Scheme (MIS):
    • Manages price volatility through strategic purchases

• Financial Implications:
  • Total outlay: ₹35,000 crore (15th Finance Commission Cycle until 2025-26)
  • Maximum compensation under PDPS: 25% of MSP based on notified rates
• Increased Coverage and Implementation:
  • Coverage for oilseeds under PDPS increased from 25% to 40% of state production
  • Implementation period extended from 3 months to 4 months

Additional Information:

• Launched in 2019
• Includes PM’s MSP, Pradhan Mantri Kisan Samman Nidhi, and Agri-Market Infrastructure Fund
• Focuses on enhancing farmers’ market access and promoting agricultural diversity
• Aims to reduce income disparity among farmers nationwide