After farm loan waiver, Narendra Modi gives Yogi Adityanath another boost, Centre to buy 1 lakh tonnes potato to help UP farmers

In a bid to guard Uttar Pradesh farmers against price fall, the Centre today said it will buy up to 1 lakh tonnes of potato at Rs 4,870/tonne and also give an additional Rs 1,217.60/tonne to bear overhead costs. A decision to procure potato in UP under the Market Intervention Scheme (MIS) has been approved by the Union Agriculture Ministry. The MIS will be implemented by the state agency. Potato grown in the 2016-17 crop year (July-June) will be purchased at Rs 4,870/tonne, the ministry said in a statement.

“A maximum quantity of 1,00,000 metric tonne (MT) of potato may be procured under the scheme by the state agency,” the statement said. The Centre will provide additional Rs 1,217.50 per tonne or actual whichever is less for overhead expenses, such as transportation charges, mandi tax and godown charges.

Purchase centres/areas will be



decided by the state government in consultation with the state agency. Potato will be purchased from the cooperative societies, farmers’ organisations or directly from growers to eliminate the possibility of middlemen taking advantage of the scheme. The state government will ensure that the produce is purchased from genuine farmers only, it added.

The procured stocks, the ministry said, will be disposed off in the open market to ensure maximum realisable price. If necessary, this can also be sold to processing units within the state. The state agency would also make efforts to export the procured potatoes after processing.

In order to avoid recycling, the stock would not be sold in the same market rate from where it has been procured during the period of the scheme. However, if the prices are better it can also be sold, locally.