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✦Reported by Financial Express

Self-reliance in pulses at risk? Rs 500 crore research fund sees no approvals in first year

Self-reliance in pulses at risk? Rs 500 crore research fund sees no approvals in first year
Source: Financial Express

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓The Cabinet Secretariat reported that no research projects got approval under the Rs 500 crore fund during the first year of the Mission for Aatmanirbharta in Pulses.
  • ✓The Agriculture Ministry said it is expediting the process and expects to sanction projects by November 15 after screening many received proposals.

Story at a Glance

Category
BUSINESS
Reported By
Financial Express
Reading Speed
3 Minute(s)
Market Focus
India Economy

The Cabinet Secretariat flagged that no research project has yet been approved under the Rs 500-crore research component of the Mission for Aatmanirbharta in Pulses, even though the first year of the six-year programme has ended. The Agriculture Ministry said it is "expediting" the process and expects eligible projects recommended by its committee to be sanctioned by the end of October, ahead of a November 15 deadline.

The issue was raised at an October 5 review meeting chaired by Cabinet Secretary TV Somanathan on the reorientation of agricultural research in oilseeds, pulses and cotton. According to The Indian Express, the Secretariat asked the Ministry of Agriculture and Farmers' Welfare to complete the approval process for research projects by November 15.

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Self-reliance in pulses at risk? Rs 500 crore research fund sees no approvals in first year | ArthNow