National Mission for Edible Oil (NMEO)

National Mission for Edible Oil (NMEO)

Question: The Ministry of Agriculture has proposed for the National Mission for Edible Oil. What is the time span for which mission is proposed?
a) 2021-2022
b) 2020-21 to 2023-24
c) 2020-21 to 2024-25
d) None of the above
Answer: c)
Facts

  • To increase the domestic availability and reduce the import dependency for edible oils Ministry of Agriculture has proposed the National Mission for Edible Oil.
  • The mission has been proposed for next five years in the span of 2020-21 to 2024-25.
  • Government aims to increase production of oilseeds from the current 30 million tonnes to over 47 million tonnes by 2024-25.
  • The government is seriously concerned about stagnant oilseeds production and the rising import of edible oils to the tune of 15 million tonnes per annum, costing the exchequer over Rs 75,000 crore.

By Kameshwar Shukla

Reference: https://www.business-standard.com/article/economy-policy/govt-planning-to-launch-national-mission-on-edible-oil-in-the-near-future-120012101158_1.html