Correct Answer: Option B) 2 only
PM-AASHA (Pradhan Mantri Annadata Aay Sanrakshan Abhiyan) is a comprehensive umbrella scheme launched by the Government of India in 2018 to ensure remunerative prices to farmers for their produce.
Let's analyze each statement:
Statement 1: "PM-AASHA is a price support mechanism aiming to replace Minimum Support Price (MSP)" - This is Incorrect
PM-AASHA does not aim to replace the MSP system. Instead, it works alongside and strengthens the existing MSP framework. The scheme is designed to provide additional support mechanisms to ensure farmers receive fair prices, but MSP continues to be a fundamental component of agricultural price policy in India.
Statement 2: "PM-AASHA includes schemes like Price Deficiency Payment and Procurement" - This is correct.
PM-AASHA consists of three main components:
Price Support Scheme (PSS) - Direct procurement of pulses, oilseeds, and copra at MSP
Price Deficiency Payment (PDP) - Compensates farmers for the difference between MSP and selling price
Private Procurement and Stockist Scheme (PPSS) - Involves private agencies in procurement activities
The scheme specifically includes Price Deficiency Payment as one of its key mechanisms to support farmers when market prices fall below MSP levels.
