The Price Stabilisation Fund (PSF) Scheme has been reviewed by various Committees set up by the Government from time to time, namely, Dr. Pranab Sen Committee, Rangachary Task Force and High Powered Sub-Committee. On the recommendation of these Committees, a Modified Price Stablisation Fund (MPSF) Scheme is being formulated.

After due deliberations with all stakeholders, modalities of the scheme are being finalized in consultation with Forward Markets Commission (FMC) and Commission for Agriculture Costs and Prices (CACP), Ministry of Agriculture. The proposed Modified Price Stabilisation Fund Scheme is to be finalized after obtaining views of FMC and CACP. Following this, the process for approval of the competent authority for implementation will be initiated.

Tea, Coffee, Rubber and Cardamom (Small and Large) are proposed to be covered under the Modified Price Stabilisation Fund Scheme.

Better implementation, awareness creation and popularization of the Scheme are being proposed in the modified scheme.

The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. D. Purandeswari in a written reply in Lok Sabha today.

Price stabilisation fund reform proposed to cover key plantation crops following regulator consultations and approval process. A Modified Price Stabilisation Fund (MPSF) Scheme is being finalized following stakeholder deliberations and consultations with market and agricultural regulators, to be submitted for competent authority approval. The proposal would cover tea, coffee, rubber and cardamom and focuses on strengthened implementation, awareness creation, and popularization to improve scheme effectiveness.