Cabinet approves National Mission on Edible Oils - Oilseeds with Rs 10,103 crore outlay
On 3 October 2024, in New Delhi, the Union Cabinet approved the National Mission on Edible Oils - Oilseeds (NMEO-Oilseeds) for 2024-25 to 2030-31 with an outlay of Rs 10,103 crore.
Summary
On 3 October 2024, in New Delhi, the Union Cabinet chaired by PM Narendra Modi approved the National Mission on Edible Oils - Oilseeds (NMEO-Oilseeds), to be implemented over seven years from 2024-25 to 2030-31 with a financial outlay of Rs 10,103 crore. It aims to raise primary oilseed production from 39 million tonnes (2022-23) to 69.7 million tonnes by 2030-31. It will introduce an online 5-year rolling seed plan through the 'Seed Authentication, Traceability & Holistic Inventory (SATHI)' Portal, and 65 new seed hubs will be set up.
Key facts
- Approved
- 3 Oct 2024 (Union Cabinet)
- Period
- 2024-25 to 2030-31
- Outlay
- Rs 10,103 crore
- Target
- Primary oilseeds 39 MT (2022-23) to 69.7 MT by 2030-31
- Portal
- SATHI
- Seed hubs
- 65 new
Practice MCQs 3 questions
What is the financial outlay of the National Mission on Edible Oils - Oilseeds approved by the Cabinet on 3 October 2024?
Show answer
Correct answer: A — Rs 10,103 crore
PIB (3 Oct 2024): NMEO-Oilseeds will be implemented over a seven-year period, from 2024-25 to 2030-31, with a financial outlay of Rs 10,103 crore.
NMEO-Oilseeds aims to raise primary oilseed production to how much by 2030-31?
Show answer
Correct answer: C — 69.7 million tonnes
PIB (3 Oct 2024): the mission aims to increase primary oilseed production from 39 million tonnes (2022-23) to 69.7 million tonnes by 2030-31.
Under NMEO-Oilseeds, an online 5-year rolling seed plan will be introduced through which portal?
Show answer
Correct answer: B — SATHI
PIB (3 Oct 2024): the Mission will introduce an online 5-year rolling seed plan through the 'Seed Authentication, Traceability & Holistic Inventory (SATHI)' Portal.