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India is one of the major edible oil-producing and consuming countries in the world. The Central Government introduced the National Mission on Oilseeds and Oil Palm or NMOOP during the 12th Five Year Plan to support the development and sale.
This scheme aims to boost the production of edible oils and expand the oil palm areas. Keep reading to learn about this scheme in detail.
The NMOOP full form is the National Mission on Oilseeds and Oil Palm, which aims to increase the production of edible oils in India.
India's agricultural environment offers an opportunity to produce nine different oilseeds such as rapeseed, groundnut, niger, castor, sunflower, mustard, sesame, safflower, linseed and soybean.
To streamline the production of these oil forms, the Central Government introduced the NMOOP scheme. The beneficiaries can gain financial aid to maintain oil palm production.
The fund allotted under the National Mission on Edible Oils scheme is distributed between State and Central Governments. This fund released to the Department of Agriculture is shared in a ratio of 75:25.
The state and national levels reserve 1% from this fund to utilise during crisis periods, while 10% is reserved for Flexi-fund.
The primary needs of this scheme are to -
Let's learn what the objectives of NMOOP are to understand this scheme better.
Following are objectives of the National Mission on Oilseeds and Oil Palm Scheme.
This NMOOP scheme also focuses on mini-missions for oilseed production, which has the following features.
This NMOOP scheme is implemented under three mini-missions. These missions have specific features.
These are some vital features of the NMOOP scheme. The farmers are beneficiaries of this scheme.
Individuals should read through the NMOOP guidelines to understand this scheme in detail. This will also help them streamline steps to avail benefits without the hassle. In this regard, one can consult a District Agriculture Officer or check the official website.
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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