Which one of the following agencies of Indian Government implements the Price Support Scheme (PSS)?
A
FCI
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B
NAFED
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C
Agriculture Pricing Agency of India
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D
None of the above
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Solution
The correct option is B NAFED
In Order to help the farmers in getting remunerative prices for their produce with a view to encourage higher investment and as also to increase production and productivity of a commodity, the government declares Minimum Support Price(MSPs) for 2525 notified agricultural commodities for each Kharif & Rabi crop season. National Agricultural cooperative Marketing Federation of India Ltd(NAFED) is one of the Central Nodal Agencies which implements PSS.