National Mission on Edible Oil-Oil Palm (NMEO-OP Scheme) is the newly released scheme by the central government that highly focused on the important sector with a perfect investment of over Rs 11,000 crore over a five-year period. As this scheme is now online with some of the main as well as important aims to ensure the importance of this particular scheme in our lives. As this NMEO-OP scheme is a central government-sponsored scheme it is proposed to have an additional 6.5 lakh hectares for palm oil by the year 2025-26, which is generally not a very simple task as this scheme will most likely going to maintain the necessity as well.
This National Mission on Edible Oil-Oil Palm (NMEO-OP scheme) was originally launched in the year 2021 which was a very important year in terms of different popular schemes and advancements. While the main focus of this particular scheme is to involve raising the area under oil palm cultivation to 10 lakh hectares by 2025-26 and 16.7 lakh hectares by 2029-30 which is going to become the major cause for our advancements in the area of palm oil. As this palm oil is going to provide very necessary financial assistance and also will get remuneration under a price and particular viability formula.
The scheme which is launched in 2021 has some special features which will be going to make this scheme a more important NMEO-OP scheme especially some of the special and major emphasis of the scheme will be in India’s North-Eastern (NE) states and the Andaman and Nicobar Islands due to the conducive weather conditions in those regions. While this will not only going to benefit them but also going to help the maintenance of the government sector in terms of money and support. As this scheme is really one of the best schemes that you have ever seen for a better future for our country.
Brief Description of Project
| Name of Scheme | NMEO-OP Scheme (National Mission on Edible Oil-Oil Palm Scheme) |
| Scheme benefits | It will help our country to become stable in terms of edible oil by increasing the harvesting of palm oil. |
| Objective | To simply augment the availability of edible oil in the country by harnessing area expansion, increasing crude palm oil production, and perfectly reducing the import burden. |
Table of Contents
- Major Aims and Budget of NMEO-OP Scheme
- Key Features Of the NMEO-OP Scheme
- Special Focus Of NMEO-OP Scheme
- Conclusion
Major Aims and Budget of NMEO-OP Scheme
There are some very important as well as major aims which are going to follow by everyone who simply participated in this scheme. As this scheme is online and anyone who can easily farm palm oil can directly participate in this scheme for the future of our country. As we already mentioned that the main aim of this particular scheme is to simply augment the availability of edible oil in the country by harnessing area expansion, increasing crude palm oil production, and perfectly reducing the import burden. As this is simply not an easy task, you will get full support from our government.
While the scheme is also admitted by some of the major and famous people who were going to simply participate in this particular scheme for the benefit of our country. As for the support from our government, all the Oil palm farmers will be provided with proper financial assistance and will get remuneration under a price and viability formula. As the budget of this scheme is also very large that can now easily provide huge assistance to everyone in a proper way. Also, this NMEO-OP scheme also has another focus area of the scheme which is to substantially increase the support of inputs or interventions on a large scale.
The ministry which simply launched this particular scheme for a better future came directly under the central government which is the Ministry of Agriculture and Farmer Welfare and get full support from the central government. While the aims and objectives of this NMEO-OP scheme are also very reliable and well-planned including support from our government. In this scheme not only those who first participated in this scheme will be approved but also special assistance will be given to other replanted old gardens for their rejuvenation in this scheme.
The budget allocation for this NMEO-OP Scheme (National Mission on Edible Oil-Oil Palm Scheme) is also well maintained and there is not a single fault from the Ministry of Agriculture and Farmer Welfare. As the budget is also very large it will simply provide huge support to those who participated in this scheme for our country. The budget of this scheme is Rs. 11,040 crores of which the centre will get Rs.8,844 crore & the state will directly get Rs.2,196 crore which also includes the viability gap funding. While a total of Rs 900 crore was allotted in the year 2022-23.
NMEO-OP Scheme 2023 Key Highlights
| Portal | NMEO-OP Scheme ( National Mission on Edible Oil-Oil Palm ) |
| Launched by | Central Government Sponsored Scheme |
| Ministry Control | Ministry of Agriculture and Farmer Welfare |
| Process | Online |
| Year | 2021 |
| Objective | To harness domestic edible oil prices that are dictated by expensive palm oil imports and become self-reliant in edible oil. |
| Benefits | To maintain stability in terms of edible oil and become self-reliant in this sector. |
| Beneficiary | Palm Oil Farmers |
| Official Website | Click Here |
Key Features Of the NMEO-OP Scheme
There are certain key features that simply maintain the schemes and make them more easily understood by others. Just like any other scheme this particular scheme based on the NMEO-OP scheme also have some important as well as major key points that you must understand before participating in the scheme from the official website that we mentioned before in this segment. These key features genuinely became an important part of this scheme in the sector of edible palm oil harvesting on a very large scale which also includes the good points about our country.
The major key points of this scheme consist of the main objectives as well as aims of this scheme which is that the NMEO-OP Scheme is launched as a recent and new Centrally Sponsored Scheme. As the scheme was simply proposed to have an additional 6.5 lakh hectares for palm oil by 2025-26. Which will also directly involve raising the area under oil palm cultivation to 10 lakh hectares by 2025-26 and 16.7 lakh hectares by 2029-30. Along with these points, those who want to participate can also visit the official website to know more about the scheme.
While the major key points also include the proper involvement of the central government which will definitely go to support you in your work of directly harvesting palm oil. These are some of the key points of this NMEO-OP Scheme.
Key Features :
- It involves raising the area under oil palm cultivation to 10 lakh hectares (an additional 6.5 lakh hectares) by 2025-26.
- The production of Crude Palm Oil (CPO) is expected to go up to 11.20 lakh tonnes by 2025-26 and up to 28 lakh tonnes by 2029-30.
- Oil palm farmers will be provided financial assistance and will get remuneration under a price and viability formula.
- The Viability Formula is a Minimum Support Price-type mechanism and the government will fix this at 14.3% of Crude Palm Oil (CPO) price.
- Another focus area of the scheme is to substantially increase the support on inputs or interventions (subsidy of Rs 29,000 per hectare).
- National Mission on Edible Oil-Oil Palm (NMEO-OP Scheme) Special assistance of Rs 250 per plant will be given to replant old gardens for their rejuvenation.
Special Focus Of NMEO-OP Scheme
There are some special focuses for this particular scheme which we must also know about before participating in the scheme by visiting the official website. The special focus of this NMEO-OP scheme was the advancement in the different sectors of edible oil cultivation. This focus includes a special emphasis on the scheme which will be in India’s North-Eastern (NE) states and the Andaman and Nicobar Islands due to the conducive weather conditions in the regions.
Which will attract industry to the NE and Andaman regions, with also a provision of Rs 5 crore of 5 million tonnes per hectare with pro-rata increase for higher capacity will be given. This also includes full support from the government in terms of special focuses for a better industry in the edible palm oil sector. While the other special focus of this NMEO-OP scheme was to directly address the issue of shortage of planting material in the country, seed gardens will then be provided assistance up to Rs.80 lakhs for 15 ha in the Rest of India and Rs.100 lakhs for 15 hactare in North-East and Andaman regions.
As for the assistance for seed, gardens will be going with Rs.40 lakhs and Rs.50 lakhs for the Rest of India and North-East as well as the Andaman regions respectively. While special assistance will be provided for the North-East and the Andaman regions in which some very special provisions are also going to be made for half-moon terrace cultivation, bio fencing as well as land clearance along with integrated farming. These features all together going to help us in maintaining the proper stock of edible oil for different purposes according to their necessity.
Other Schemes
You can now easily get all details on different types of schemes that are directly launched by the central government or any other local government for educational purposes for free. As you can visit our official Website Masterpakistan.com for further details and you can now also comment on your request for the particular scheme you want from us.
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Conclusion
I hope after reading a lot of things about this National Mission on Edible Oil-Oil Palm you will get a lot of knowledge and all your queries regarding this scheme are now get solved. But if you still have any queries regarding this scheme then without any hesitation ask us in the comment box given below. We gave hours of research and dedication to make this particular scheme so it is full of informational and educational types.
