The fund was established with to mitigate volatility in the prices of agriculture produce. It was established with a corpus of 500 Crore which aims at price stability. The fund will be utilised for following purpose:
- Direct purchase from farmers at farm gate
- Maintaining a strategic buffer stock that would discouraged hoarding and unscrupulous speculation.
- To safeguard the interest of consumers by supplying such commodities at reasonable prices.
- To support market intervention for price control of perishable agri- horticultural commodities.
- The state will have to set up a revolving fund to which centre and state will contribute equally. The same ratio will be 75:25 in North 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube