Q. Consider the following statements regarding “National Mission on Edible Oils–Oil Palm (NMEO-OP)”:
1.It is a central sector scheme.
2.It provides viability gap funding to farmers.
Which of the statements given above is/are correct?
Explanation: To enhance the edible oilseeds production and oils availability in the country by harnessing Oil Palm area expansion, increasing current palm oil production, government has launched the National Mission on Edible Oils–Oil Palm (NMEO-OP).
- It is a Centrally Sponsored Scheme. NMEO-OP will subsume the current National Food Security Mission-Oil palm programme.
- Assurance to the farmers in the form of the viability gap funding: The industry mandated to pay 14.3% of the Crude Palm Oil (CPO) price which will eventually go up to 15.3%.