India: Cabinet allows private companies to take part in foodgrain procurement

13 Dec 2018: The Cabinet has allowed gradual entry of private companies in procurement of foodgrains and sanctioned ?31,603 crore for two schemes to ensure farmers are able to sell their produce at the minimum support price (MSP). These initiatives are part of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PMAASHA) cleared by the Cabinet, which the government said was an unprecedented step taken to ensure higher income of farmers with the help of robust procurement in coordination with states.