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National Mission on Edible Oil - Oil Palm
August 12 , 2021
1359 days
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- Prime Minister Narendra Modi has announced this new national initiative on palm oil production to help increase farm incomes.
- Aims and Objectives of the scheme are given below,
- Achieve self-reliance in edible oil.
- Harness domestic edible oil prices that are dictated by expensive palm oil imports.
- To raise the domestic production of palm oil by three times to 11 lakh MT by 2025-26.
- The special emphasis of the scheme will be in India’s north-eastern states and the Andaman and Nicobar Islands.
Note
- India is the largest consumer of vegetable oil in the world
- Palm oil is currently the world’s most consumed vegetable oil.
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