Optimize IAS
  • Home
  • About Us
  • Free Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
  • My Mentorship
    • Prelims 2023
      • Laqshya 2023
      • Laqshya 2023 OPTIMA
    • Personalized Guidance 2023
      • ARJUNA Prime 2023
      • ARJUNA 2023
    • DPS Prime
    • ESSAY MASTER CLASS 2023
    • ETHICS MASTER CLASS 2023
    • Mains 2022
      • Mains Optima (Current)
      • Mains Mentorship Program (Static)
    • Know More
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Toppers Notes
      • PSIR Notes
      • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Login
  • Home
  • About Us
  • Free Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
  • My Mentorship
    • Prelims 2023
      • Laqshya 2023
      • Laqshya 2023 OPTIMA
    • Personalized Guidance 2023
      • ARJUNA Prime 2023
      • ARJUNA 2023
    • DPS Prime
    • ESSAY MASTER CLASS 2023
    • ETHICS MASTER CLASS 2023
    • Mains 2022
      • Mains Optima (Current)
      • Mains Mentorship Program (Static)
    • Know More
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Toppers Notes
      • PSIR Notes
      • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Login

Increased onion stock to regulate prices: Centre

  • July 16, 2022
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
1 Comment
Print Friendly, PDF & Email

 

 

Increased onion stock to regulate prices: Centre

Subject : Schemes

Areas of Cultivation:

The Major Onion producing states area Maharashtra, Karnataka, Madhya Pradesh, Gujarat, Bihar, Andhra Pradesh, Rajasthan, Haryana and Telangana. Maharashtra ranks first in Onion production with a share of 28.32%.

Climate

  • Onion is a temperate crop but can be grown under a wide range of climatic conditions such as temperate, tropical and subtropical climate. The best performance can be obtained in a mild weather without the extremes of cold and heat and excessive rainfall
  • It requires about 70% relative humidity for good growth. It can grow well in places where the average annual rainfall is 650-750 mm with good distribution during the monsoon period. Areas with low (< 650 mm) or heavy rainfall (>750 mm) are not particularly suitable for rain-fed crop.

Soil

  • Onion can be grown in all types of soils such as sandy loam, clay loam, silt loam and heavy soils. However, the best soil for successful onion cultivation is deep, friable loam and alluvial soils with good drainage, moisture holding capacity and sufficient organic matter.

China was the largest producer of onions in the world in 2019 followed by India and the United States.

Onion buffer has been maintained by the Department of Consumer Affairs under the Price Stabilization Fund (PSF) with the objective of effective market intervention to moderate prices.

Key Points

  • About PSF:
    • Established in 2014-15, PSF is any fund created to absorb extreme volatility in selected commodity prices.
    • Such goods will be procured directly from farmers or farmers’ organisations at the farm gate/mandi, and made available to consumers at a more affordable price.
    • Losses sustained, if any, between the Centre and the states must be shared in the operations.
    • The sum in the fund is usually used for activities aimed at bringing down/up the high/low prices say, for example, acquisition of certain goods and distribution of the same as and when appropriate so that costs remain within a range.
  • Provides Loans:
    • The PSF scheme provides for the advancement of interest-free loans to State Governments/Union Territories (UTs) and Central Agencies to finance their working capital and other expenses, which they may incur in the procurement and distribution of such commodities.
    • The PSF scheme was transferred from the Ministry of Agriculture & Farmers’ Welfare to the Ministry of Consumer Affairs, Food & Public Distribution w.e.f. 1st April, 2016.
  • Fund Management:
    • It is centrally managed by a Price Stabilisation Fund Management Committee (PSFMC) that approves all State Government’s and Central Agencies’ proposals.
  • Maintaining the Corpus Fund:
    • Small Farmers Agribusiness Consortium (SFAC), a society promoted by the Ministry of Agriculture and Farmers’ Welfare for linking agriculture to private enterprises, investment, and technology, maintains the PSF as a central corpus fund.
  • Related Scheme:
    • Launched in 2018 by the Ministry of Food Processing Industries, Operation Green (OG) aims to build value chains of Tomatoes, Onions, and Potatoes (TOP) on the lines of “Operation Flood” (AMUL model) for milk in such a way that will ensure a higher share of consumer’s rupee goes to farmers and stabilizes their prices.
      • While presenting the Union budget 2021, the government announced that Operation Green (OG) will be expanded beyond TOP to 22 perishable commodities.
Increased onion stock to regulate prices: Centre Schemes
Print Friendly, PDF & Email
Loading

Recent Posts

  • Daily Prelims Notes 12 August 2022 August 12, 2022
  • Banking licence August 12, 2022
  • NASA Studies Find Previously Unknown Loss of Antarctic Ice August 12, 2022
  • 7.3% Of Indians Owned Digital Currency In 2021, 7th Highest In World, Says UN August 12, 2022
  • HC abolishes Karnataka ACB under state govt, shifts cases to Lokayukta August 12, 2022
  • Guillermo Rios is new leader of UNMOGIP August 12, 2022
  • India slams China for blocking proposal to list JeM deputy chief Asghar a designated terrorist August 12, 2022
  • Shri Aurobindo August 12, 2022
  • National Intellectual Property Awareness Mission (NIPAM) August 12, 2022
  • Daily Prelims Notes 11 August 2022 August 11, 2022

About

If IAS is your destination, begin your journey with Optimize IAS.

Hi There, I am Santosh I have the unique distinction of clearing all 6 UPSC CSE Prelims with huge margins.

I mastered the art of clearing UPSC CSE Prelims and in the process devised an unbeatable strategy to ace Prelims which many students struggle to do.

Free Initiatives

  • Daily Practice Sheets
  • Daily Prelims Notes
  • Friday Factly
  • Prelims Power Play
  • Sunday Essay Sadhna

My Proven Strategy

  • Interview Strategy
  • Mains Strategy
  • Motivational
  • Prelims Strategy

Contact us

moc.saiezimitpo@tcatnoc

For More Details

Work with Us

Connect With Me

Santosh Pandey Quora Santosh Sir Telegram Santosh Sir Youtube Optimize IAS Instagram

Course Portal
Search