PM Modi announces Rs 11,000 cr palm oil initiative to make India self-sufficient in edible oils

Prime Minister Narendra Modi launched a scheme on palm oil production called National Edible Oil Mission-Oil Palm (NMEO-OP), on August 09, 2021.
The government will invest more than Rs. 11,000 crore, under the scheme, through the National Mission on Oilseeds and Oil Palm.
The new national initiative aims to help increase farm incomes and make the country self-reliance in edible oil.
The scheme will incentivise production of palm oil to reduce dependence on imports.
The farmers will get all facilities, from quality seeds to technology to promote farming to produce palm oil and other oil seeds.
Besides, special emphasis of the scheme will be in India’s north-eastern states and the Andaman and Nicobar Islands due to the conducive weather conditions in the regions.