Price Stabilization Fund Scheme
(Ministry of Consumer’s Affairs, Food and Public Distribution)
Key features of the Campaign
Key Features of the Scheme
The Price Stabilization Fund was set up to help regulate the price volatility of important agri-horticultural commodities like onion, potatoes and pulses were also added subsequently.
The agricultural ministry has recently proposed to include Milk in the PSF which is not yet confirmed.
The Price Stabilization Fund (PSF) was set up in 2014-15 under the Department of Agriculture, Cooperation & Famers Welfare (DAC&FW).
The PSF scheme was transferred from DAC&FW to the Department of Consumer Affairs (DOCA) w.e.f. 1st April 2016.
- This fund was used to support market interventions for managing prices of perishable agri-horticultural commodities by procuring directly from farmers and later supplying at reasonable rates to consumers.
- The PSF is utilized for granting interest-free advance of working capital to Central Agencies, State/UT Governments/Agencies to undertake market intervention operations.
- Apart from domestic procurement from farmers/wholesale mandis, import may also be undertaken with support from the Fund.