What is the significance of the Centre's refusal to distribute rice under OMSS scheme, according to Piyush Goyal

Explanation of Centre's refusal to distribute rice under OMSS scheme and its purpose as defined by Piyush Goyal.
According to Piyush Goyal, the Centre's decision to refuse the distribution of rice under the Open Market Sale Scheme (OMSS) is as follows:
  • The OMSS scheme aims to maintain stability in prices and ensure food security. However, the current market situation does not require the distribution of rice.
  • The Centre is committed to purchasing rice at minimum support prices (MSP) from farmers, which has led to a record procurement of rice in the current season.
  • The Centre has also implemented various measures to ensure that farmers receive a fair price for their crops, such as increasing MSP and implementing the Agricultural Produce Market Committee (APMC) Act.
  • The surplus rice procured by the Centre will be used to meet the food grain requirements of various states and for other welfare schemes like the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY).
  • The surplus rice can also be used for exports, thus increasing income for farmers and contributing to the country's overall economic growth.
In summary, the Centre's refusal to distribute rice under the OMSS scheme is part of a larger strategy to ensure food security, fair prices for farmers and contribute to the economic growth of the country.
Answered a year ago
Amrita Preparing for Civil Services