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Q69 (CISF/2022) Economy › Agriculture & Rural Economy

The Central Government is planning to make major interventions in which one of the following regions of India to make it an oil palm hub ?

Explanation

In August 2021, the Government of India launched the National Mission on Edible Oils – Oil Palm (NMEO-OP). This Centrally Sponsored Scheme specifically targets the North-Eastern States and the Andaman and Nicobar Islands as key regions for major interventions to transform them into oil palm hubs. The mission aims to reduce India's heavy reliance on edible oil imports by increasing the area under oil palm cultivation to 10 lakh hectares by 2025-26. These regions were selected due to their favorable agro-climatic conditions. The scheme includes provisions for price assurance to farmers (Viability Price) and higher financial assistance for planting material in the North-East to account for higher costs and logistical challenges, thereby incentivizing local production and processing.

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SIMILAR QUESTIONS

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Which of the following States/Union Territory/Region are in special focus in the National Mission on Edible Oils - Oil Palm ?

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