The Narendra Modi government of the Center has launched a significant campaign to reduce the import of palm oil. This mission is named the National Edible Oil-Palm Oil Mission (NMEO-OP). Under this, farmers are given assistance for palm cultivation. Now the government has increased the amount of aid, but there has also been talk of financial aid for planting saplings.
How much help do you get: Previously, palm cultivation was paid Rs 12,000 per hectare, which has been increased to Rs 29,000 per hectare. In addition, assistance has been increased during maintenance and during crops. For the revitalization of old plantations, special assistance is given at the rate of Rs. 250 per plant, ie Rs.
Assistance will be given to seed growing plantations to overcome the shortage of plantation equipment in the country. Under this, 15 hectares in other locations in India will be provided assistance up to Rs 80 lakh. At the same time, in the Northeast and Andaman regions, the subsidy amounted to Rs 1 crore in 15 hectares. In addition, 50 lakhs have been allocated to the Northeast and Andaman regions and 40 lakhs to the rest of India. Special assistance has been provided to Northeast and Andaman.
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What is the NMEO-OP Scheme: This is a new project sponsored by the National Edible Oil-Palm Oil Mission (NMEO-OP) Center. Its focus is on the Northeast and the Andaman and Nicobar Islands. The project has been earmarked for a financial outlay of Rs 11,040 crore. Of this, the central government has raised Rs 8,844 crore. At the same time, 2,196 crore should be borne by the states. It also included a mechanism to cover those losses in the event of higher costs than income.