NMEO-OILSEEDS

TAG: GS-3:  ECONOMY

CONTEXT: Cabinet Approves National Mission on Edible Oils – Oilseeds (NMEO-Oilseeds) for 2024-25 to 2030-31.

EXPLANATION:

About National Mission on Edible Oils – Oil Palm (NMEO-OP)

• It is a centrally sponsored scheme in India that was launched in 2021.
• Aim: Boost domestic oilseed production, achieve self-reliance in edible and boosting farmers’ incomes.

• It is to increase primary oilseed production from 39 million tonnes (2022-23) to 69.7 million tonnes by 2030-31.

• The mission plans to expand oil palm cultivation to 10 lakh hectares by the year 2025-26.

Funding: The cost of the initiative is shared between the Central and State Governments at a ratio of 60:40 for general states and 90:10 for northeastern states.

How can the production and growth of oilseed crops be balanced?

• Increasing the production of primary oilseed crops (rapeseed-mustard, groundnut, soybean, sunflower and sesame)
• Increasing collection and extraction efficiency from secondary sources (cottonseed, rice bran and tree oils).

• Adoption of high-yielding high oil content seed varieties.
• Extending cultivation into rice and potato fallow lands, promoting intercropping, and promoting crop diversification.
• Value Chain Clusters will be developed across 347 unique districts to provide farmers access to high-quality seeds, training on Good Agricultural Practices (GAP), and advisory services on weather and pest management.
• SATHI will enable States to establish advance tie-ups with seed-producing agencies (cooperatives, FPOs, and government or private seed corporations).

Other Initiatives taken to promote domestic edible oils production:

• National Mission on Edible Oils – Oil Palm (NMEO-OP): launched in 2021 to boost oil palm cultivation in the country.
• Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) ensures that oilseed farmers receive MSP through price support scheme and price deficiency payment scheme.

Source:  https://pib.gov.in/PressReleasePage.aspx?PRID=2061646