Govt sets aside Rs 10,000 cr to boost edible oil production

The NMEO-Oilseeds proposal was approved by the Union Cabinet, which met under Prime Minister Narendra Modi.

Union Information & Broadcasting Minister Ashwini Vaishnaw said the mission aims to increase edible oil production from 12.7 million tonnes to 20.2 million tonnes by 2031. It will have a financial outlay of `10,103 crore.

“The newly approved NMEO-Oilseeds will focus on enhancing the production of key primary oilseed crops such as rapeseed-mustard, groundnut, soybean, sunflower, and sesamum, as well as increasing collection and extraction efficiency from secondary sources such as cottonseed, rice bran, and tree borne oils,” said the statement.

The government, meanwhile, also reorganised all centrally sponsored schemes under the Agriculture Ministry under two umbrella schemes — the PM Rashtriya Krishi Vikas Yojana and the Krishonnati Yojana (KY).