First-Ever Basic Price Scheme, Kerala

To increase the farm produce and protect the farmers at the time of market fluctuations

On October 21, 2020, the Kerala State Cabinet announced the First-ever Basic Price Scheme. This scheme will be launched and implemented on November 1, 2020. Under this scheme, the state has decided to fix a basic price of farm produce in the state. This scheme will be a support base to the farmers for their produce of various vegetables, perishable products, etc. It will lead to stability in prices of commodities. Currently, basic price has been set for 16 farm commodities in the state. It will support the farmers at the time of price fluctuations. This scheme will be implemented by State Agriculture department along with local bodies and State Cooperation department.

Scheme Overview:

Scheme name:First Ever Basic Price Scheme
Scheme Under:Kerala government
Implemented By:State Agriculture Department
Announced On:October 21, 2020
Launch and Implementation Date:November 1, 2020
Beneficiaries:Farmers across the state
Benefit:Fixed basic price for farm commodities
Objective:To increase the farm produce and protect the farmers at the time of market fluctuations

More scheme for Farmers

Scheme Objectives and Benefits:

  • The main objective of this scheme is to support the farmers in the state
  • This scheme ensures a fixed basic price for their produce thereby protecting them from the market fluctuations
  • Basic price will be at least 20% more than the production cost thereby ensuring that the farmers will not incur any loss
  • This scheme aims to ensure price stability
  • Registration process for the farmers will be kept easy
  • Gap fund will also be provided to the farmers
  • Farmers will get a platform to market their goods

List of scheme lunched by government of Kerala

Scheme Details:

  • The First Ever Basic Price Scheme is a unique initiative by the government of Kerala
  • It is a scheme which will be implemented fin the state from November 1, 2020
  • It is a one-of-a-kind initiative taken by a state government to fix a basic price for the farm commodities
  • It will be implemented by the State Agriculture Department along with the local bodies and State Cooperation Department
  • This scheme will cover farm produce like variety of perishable products, vegetables and fruits
  • Currently 16 commodities have been set with a basic price
  • This price will be decided keeping in mind production cost
  • The basic price will be at least 20% more than the production cost incurred by the farmers
  • Under the scheme, the listed crops will be purchased by the wholesale village markets and government agencies
  • Every Panchayat will have to open such an agency/ wholesale market
  • Framers just have to register themselves at the Agriculture and Information Management System (AIMS) portal of the state government or through the AIMS app.
  • It will encourage the production of farm commodities
  • In case the market price goes down the production cost incurred by the farmer, the farmer will get the deficient amount as a Gap Fund
  • This amount will be directly transferred to the bank account
  • The produce purchased from the farmers will be marketed under the brand name ‘Jeevani-Kerala Farm Fresh Fruits and Vegetables’
  • State level committee has been announced for keeping a check on the implementation of the scheme
  • This scheme will thus, increase the farm produce and protect the farmers at the time of market fluctuations

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