Nod for spending ₹11.20 crore on vegetable, coconut procurement under market intervention support scheme
The decision is part of the market intervention programmes aimed at price stabilisation in the 2025-26 fiscal and also comes ahead of this year's Onam festival which falls in September.
Of the ₹11.20 crore, the Kerala State Horticultural Products Development Corporation (Horticorp) will spend ₹8 crore on procurement of essential vegetables and fruits, while Kerafed, which is the apex co-operative federation of coconut farmers in the State, will spend ₹2 crore on coconut procurement, a May 31 order issued by the department said.
The government has also earmarked ₹38 lakh for Marketfed towards the State's share for the procurement of coconut and ₹82.60 lakh for expenses related to the Kerala farm-fresh fruits and vegetables scheme.
The annual plan of the State government has set aside a total ₹21.50 crore for market intervention programmes aimed at keeping prices stable in the market in the 2025-26 fiscal. The proposal to give administrative sanction for the above allocations was approved at a working group meeting held on May 19.
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