The government said since the market price of almost all pulses and oilseeds are ruling below MSP, the government guarantee will help in protecting the farmers producing these commodities from making distress sales during the peak arrival period.
"It will also help to provide remunerative prices to farmers to encourage higher investment and production and also to safeguard the interest of consumer by making available supplies at reasonable price with low cost of intermediation," a statement said.
These government guarantees are provided for a period of five years and with waiver of 1 per cent government guarantee fee, it added.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
