The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal of Department of Consumer Affairs on enhancing the buffer stock for pulses up to 20 lakh tonnes. 
•    The buffer stock will be built through domestic procurement and imports of 10 lakh tonnes each.
•    Releases from the stock and procurement in subsequent year would be based on the prevailing pulse scenario as well as buffer stock position. 
•    Requisite funds for this operation would be provided to the 'Price Stabilization Fund' Scheme of the Department.

•    The allocation/release of the pulses from the buffer stock would be made to States/ UTs and Central Agencies. 
•    Pulses would also be released through strategic open market sale. For managing the buffer, professional pulses buffer management entity may also be engaged. 
•    The exercise will ensure a stable price regime for pulses and will also encourage domestic farmers to increase production of pulses.


 

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