In a big move, the Union Cabinet on Thursday rationalized into two 18 centrally sponsored programs of the Ministry of Agriculture with a total allocation of Rs 101,321 crore, while launching a national mission on oilseeds with an outlay of Rs 10,103 million of rupees.
The two mother schemes, Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY), formed after convergence will give more funding flexibility to states to reallocate funds from one component to another based on their own needs. and avoid duplication.
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The central share in the allocation of Rs 101,321 crore is Rs 69,088.98 crore, while the state’s share is Rs 32,232.63 crore.
The Oilseed Mission, which will be implemented over seven years from 2024-25 to 2030-31, aims to boost India’s primary oilseed production from 39 million tonnes (2022-23) to 69.7 million tonnes by 2030-31 and improve yields per hectare of 1,353 kg. to 2,112 kg and domestic production of edible oils from 12.7 million tonnes to 20.2 million tonnes by 2030-31.
A further four million hectares of land are intended to be cultivated with oilseeds through the mission, focusing on rice and potato fallow lands, promoting intercropping and crop diversification.
Currently, oilseeds are grown annually on about 29 million hectares of land.
The oilseeds mission, along with the Oil Palm Mission, also aims to reduce India’s dependence on imported edible oil from the current 57 per cent to only around 28 per cent in the next seven years.
The oilseed mission will mainly focus on improving production of key crops such as mustard, groundnuts, soybeans, sunflower and sesame, besides increasing the collection and extraction of secondary sources such as cotton seeds, rice bran and tree oils.
According to the Cabinet decision, the mission aims to achieve these objectives through a combination of strategies including promoting the adoption of high-yielding seed varieties with oil content, extending cultivation to fallow rice areas and promoting intercropping. .
It will also encourage the continued development of high-quality seeds through the use of cutting-edge global technologies such as genome editing.
The mission will soon launch a portal called ‘Seed Authentication, Traceability and Holistic Inventory (SATHI)’ to enable states to establish advanced agreements with seed producing agencies, including private seed companies, for a steady supply of high-yielding oilseeds . .
As part of the mission, sixty-five new seed centers and 50 seed storage units will be established in the public sector.
India started importing edible oils on a large scale in the 1990s. Since then, according to trade sources, in the last 20 years (1990-91 to 2020-21), imports have increased by more than 160 percent in terms of volume , while in terms of value they have increased from Rs 7,000 million to almost Rs 117,000. in 2020-21.
In 2022-23 (November-October), India imported the highest volume of edible oils in its history at nearly 16.46 million tonnes, valued at nearly Rs 140,000 crore.
In the 2023-24 Oil Year ending this month, trade sources expect vegetable oil imports to be around 16-16.5 million tonnes, the same as the last trading season.
National Mission on Edible Oils: Oilseeds Targets for 2030-31
A) Increase the area cultivated with oilseeds from 29 million hectares to 33 million hectares.
B) Increase oilseed yield from 1353 kg per hectare to 2112 kg per hectare
C) Increase oilseed production from 39 million tons to 69 million tons.
D) Increase national production of edible oils from 12.7 million tons to 20.2 million tons.
E) Lower dependence on imports from 57 percent to 28 percent (with palm oil mission)
First published: October 3, 2024 | 21:57 IS
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