ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

J-K plans massive oilseed cultivation to boost edible oil sector

J-K intends to bring 210,000 hectare under oilseed cultivation from the current 140,000 hectare over the next three years.

ANI Mar 13, 2023 19:35 IST googleads

Representative Image

Jammu and Kashmir [India], March 13 (ANI): Jammu and Kashmir's oil industry would be witnessing a significant transformation with the implementation of initiatives under the Holistic Agriculture Development Program (HADP) by the Agriculture Production Department.
The recent release of the final report by the Apex Committee, headed by Mangla Rai, Former DG ICAR, has charted out the roadmap for the implementation of 29 projects under HADP.
Significantly, among the approved projects, the promotion of oilseed cultivation has been given due consideration. The oilseed project included several interventions aimed at increasing oilseed production and productivity, with an estimated annual output worth Rs 1290 crore, a statement from J-K administration said on Monday.
Additional Chief Secretary of, the Agriculture Production Department, Atal Dulloo, reiterated that Jammu and Kashmir's edible oil industry is about to receive a significant boost.
The department will be implementing a multifaceted initiative aimed at promoting oilseed cultivation in the region with a project outlay of Rs 31 crore.
This three-year project is expected to create more job opportunities and contribute towards the overall economic growth of the region, the statement said.
Pertinently, oilseed production is an essential sector of agriculture in India, contributing significantly to the country's economy
India is one of the largest producers of oilseeds in the world, with an annual production of around 37-38 million metric tons. However, despite this, India is the largest importer of vegetable oils followed by the US and China.
Jammu and Kashmir is known for its diverse agro-climatic conditions that provide a suitable environment for the cultivation of various crops, including oilseeds.
J-K intends to bring 210,000 hectare under oilseed cultivation from the current 140,000 hectare over the next three years, it added
About 202.500 hectare shall be covered under rapeseed and mustard cultivation and 75,000 hectare shall be covered under sesame seed cultivation.
Besides, 70,000 hectare of additional areas shall be covered in potential oilseed districts like Kathua, Samba, Jammu, Udhampur, Rajouri, Reasi, Anantnag, Kulgam, Pulwama, Budgam, and Ganderbal and districts like Shopian, Bandipora, Ramban, and Doda, by utilizing fallow lands, culturable wastelands and leveraging increased cropping intensity apart from promoting intercropping systems.
The total requirement of edible oils in the UT is Rs 14.20 lakh quintal, whereas the UT produces only 3.36 lakh quintal. Hence, this initiative is crucial for the region's food security and economic growth.
As part of the project, farmers will receive 50 per cent assistance with a subsidy ceiling of Rs 4000 per cent per quintal for purchasing high-yielding varieties of mustard and rapeseed.
Similarly, a 50 per cent subsidy with a ceiling of Rs 8000 per quintal will be provided to beneficiaries for procuring hybrid rapeseed, mustard, and improved varieties of sesame seed.
Additionally, to improve the seed replacement rate of oil seeds, a 50 per cent subsidy with a ceiling of Rs 2,500 per cent per quintal will be provided for producing foundation and certified seeds to boost productivity and promote area expansion.
The project is expected to lead to a net increase in the return to farmers by 10-12 per cent and a reduction in input costs by 15-20 per cent, besides creating thousands of jobs and hundreds of enterprises. (ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.