Agriculture Minister K. Kanna Babu on Tuesday said the government had sanctioned funds to the tune of ₹ 3,000 crore towards Market Intervention Fund (Price Stabilisation Fund) in the current fiscal (2019-20).
Replying to a question on whether the government had established a price stabilisation fund to protect the farmers’ interests in the Assembly, Mr. Kanna Babu said besides, the government had released a sum of ₹ 100.69 crore towards a revolving fund for procurement of pulses on behalf of National Agricultural Cooperative Marketing Federation/ Food Corporation of India (ED/FCI) through the Andhra Pradesh State Cooperative Marketing Federation (APMarkfed).