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Price Stabilization Fund (PSF)

Why is it in the news?

  • The government recently approved the inclusion of wheat and rice under its Price Stabilization Fund (PSF).

 More about the news

  • The PSF aims to regulate the price volatility of key agri-horticultural commodities such as onion, potatoes, pulses, wheat, and rice.
  • It provides interest-free advances of working capital to Central Agencies, State/UT Governments, and other relevant agencies for conducting market intervention operations.
  • The PSF facilitates domestic procurement from farmers and wholesale mandis to stabilize prices within a certain range.
  • Import operations may be undertaken with support from the PSF when necessary to stabilize prices or address shortages of the selected commodities.

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