Amit Shah inaugurated an online portal for purchasing Tur pulses and to reduce Imports

On January 4, 2024, Amit Shah, India's Minister of Cooperation, opened an online portal for purchasing tur pulses at a price higher than the average price. The center wants to register available stocks that farmers plan to sell through this e-portal.

India was scheduled to deploy the e-portal, according to a previous report by CNBC-TV18, which cited government sources.

The government aims to lessen the dependency on Imports

According to the government, this farmer-centric project seeks to increase domestic pulse output and lessen reliance on imports by providing tur dal farmers with improved prices through procurement, faster procedures, and direct bank transfers by NAFED and NCCF.

Government-backed cooperatives such as the National Cooperative Consumers' Federation of India (NCCF) and the National Agricultural Cooperative Marketing Federation of India (NAFED) will purchase the pulses using a dynamic pricing methodology. The farmers will receive payment either at market price or MSP, whichever is higher.

There will be just one method for completing the registration, purchase, and payment processes on the portal. Direct registration is also an option, as are PACS and FPO. Without going through any intermediaries, NAFED will pay the farmers straight into their bank accounts that have been mapped.

India is expected to import 12 lakh metric tons of Pulses

By buying 80% of the buffer stock directly from farmers, the initiative seeks to decrease reliance on imports and provide farmers with generous compensation. In the current fiscal year, India is expected to import 12 lakh tonnes (LT) of pulses, up more than 35% over the previous fiscal year, according to government projections.

Also read: India Ratings and Research (Ind-Ra) upgraded GDP Growth estimate to 6.7%

Following extensive deliberations between the Ministries of Cooperation and Consumer Affairs, Food, and Public Distribution, the Center reached its conclusion.

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