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Centre to reduce dependence on edible oil imports

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Centre to reduce dependence on edible oil imports


















Duration: 01:01

The centre is planning to reduce the dependency on edible oil imports. The Modi government is on a mission mode to increase the production of edible oil. According to experts, the objective of this new mission of the Modi government is not only to bring self-reliance (‘Aatmanirbharta’) in edible oils but also to transfer money to farmers on the expenses incurred on the oil imports. Prime Minister Narendra Modi on Saturday during the meeting of the sixth governing council of the Niti Aayog also mentioned that despite being an agricultural country, India imports edible oil worth nearly Rs 65,000-70,000 crore annually. The Prime Minister said this money spent on imports could be transferred to the bank accounts of farmers in the country.





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