Odisha Seeks Rs 50 Cr Under PSF Scheme

BHUBANESWAR: The Odisha government has requested the Union government to release Rs 50 crore under Price Stabilization Fund (PSF) scheme to the state.

“No assistance under PSF scheme from Government of India has yet been received by the state although the proposal has already been sent to the Government of India since last three months,” said Anant Kumar Bhuyan, additional secretary to Food Supplies and Consumer Welfare Department.

In a letter to Union Ministry of Consumer Affairs, Bhuyan urged to release Rs 50 crore under PSF scheme at the earliest in the interest of the consumers of the state.

Notably, Centre has set up a PSF Scheme, with a corpus of Rs.500 crores, to support market interventions for price control of perishable agri-horticultural commodities during 2014-15 to 2016-17.

PSF Scheme provides for advancing interest-free loan to states and central agencies to support their working capital and other expenses on procurement and distribution interventions for such commodities.