Price Stabilisation Fund to promote agri-businesses
The Dollar Business Bureau In a move to support the country’s agri-business, the Department of Agriculture & Cooperation on Tuesday, approved the inclusion of Price Stabilization Fund (PSF) as a Central Sector Scheme. The scheme, with a corpus of Rs 500 crore, is expected to support the market interventions for price control of perishable agri-horticultural commodities during 2014-15, 2015-16 and 2016-17. The PSF will be managed centrally by the PSF Management Committee (PSFMC) and is maintained in a Central Corpus Fund account to be opened by Small Farmers Agri-Business Consortium (SFAC), which will act as Fund Manager. The PSF scheme will help states with advance interest-free loans to support their working capital and other expenses on procurement and distribution ...
