The Union Cabinet approved new Umbrella Scheme ‘Pradhan Mantri Annadata Aay Sanrakshan Abhiyan, PM-AASHA. The Scheme is aimed at ensuring remunerative prices to the farmers for their produce as announced in the Union Budget for 2018 the announcement was made by the Agriculture Minister Radha Mohan Singh in New Delhi. The Cabinet has decided to give additional government guarantee of Rs.16,550 crore making it Rs. 45,550 crore in total.
The new Umbrella Scheme includes the mechanism of ensuring remunerative prices to the farmers and is comprised of:
1. Price Support Scheme (PSS),
2. Price Deficiency Payment Scheme (PDPS), and
3. Pilot of Private Procurement and Stockist Scheme (PPPS).
Source- DD News