Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeekBreaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
Reading: Decentralized Procurement Evaluation: MSP Scheme for Wheat and Paddy
Share
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeekBreaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
© 2024 All Rights Reserved | Powered by India News Week
Trending Now: Stay updated with the latest breaking news from India and around the world
DMEO to evaluate decentralized procurement of wheat and paddy under the Minimum Support Price (MSP) scheme
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Economy > Decentralized Procurement Evaluation: MSP Scheme for Wheat and Paddy
Economy

Decentralized Procurement Evaluation: MSP Scheme for Wheat and Paddy

Economy Desk By Economy Desk December 17, 2024 2 Min Read
Share
SHARE

The Development Monitoring and Evaluation Office (DMEO) is set to conduct an evaluation of decentralized procurement of wheat and paddy as part of the Minimum Support Price (MSP) scheme by the department of food and public distribution. This evaluation aims to optimize the food subsidy expenditure.

DMEO has issued a request for proposal to seek assistance from consultancy firms for the evaluation process. The budget allocation for decentralized procurement has increased from Rs 32,000 crore in 2017-18 to Rs 72,250 crore in 2023-24.

The evaluation will examine the efficiency of decentralized procurement compared to centralized procurement of rice and wheat, analyzing the economic costs and benefits of both methods. It will delve into the procurement practices of different states, assessing cost-effectiveness, transparency, stakeholder satisfaction, and subsidy reimbursement mechanisms.

Additionally, the evaluation will assess the impact of decentralized procurement on state finances in DCP states versus non-DCP states. It aims to identify best practices and technological innovations to enhance procurement processes and rationalize food subsidy expenditure.

Decentralized procurement ensures that MSP reaches farmers directly, promoting efficient procurement and encouraging purchases in non-traditional states. This approach reduces transit losses, caters to local preferences, and facilitates distribution under various welfare schemes.

Currently, 17 states in India have adopted Decentralized Procurement of wheat or paddy. Under this scheme introduced in 1997-98, state governments handle procurement, storage, and distribution of food grains under the National Food Security Act and other schemes.

In contrast, the centralized procurement system involves the Food Corporation of India or state agencies procuring food grains and storing them for distribution. FCI then allocates stocks to states based on central government directives.

Overall, the evaluation aims to improve the efficiency of procurement processes, enhance transparency, and streamline subsidy reimbursements, ultimately optimizing the utilization of food subsidies.

TAGGED:Economy NewsNews
Share This Article
Twitter Copy Link
Previous Article SA vs PAK 1st ODI Pitch Report: How will surface at Boland Park in Paarl play? SA vs PAK 1st ODI Pitch Report: How will surface at Boland Park in Paarl play?
Next Article CBDT launches campaign to intimate taxpayers on mismatch in ITR filed and AIS CBDT’s campaign on ITR-AIS mismatch alert
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Infosys shares recover from 52-week low after ABN AMRO deal extension

Infosys Stocks Bounce Back from 52-Week Low Following ABN AMRO Deal Renewal

October 1, 2026
Stock Market Today Live: Kotak Mahindra Bank (₹417.60) – BUY

Kotak Mahindra Bank Stock Update: Buy at ₹417.60—Market Insights Today

October 1, 2026
Windfall tax cut on diesel, ATF exports from October 1

Diesel and ATF Exports to Benefit from Windfall Tax Cut Starting October 1

October 1, 2026
A political dynasty? Why the Bolsonaro family dominates Brazil’s right wing

Bolsonaro Family’s Influence: Shaping Brazil’s Right-Wing Politics and Future

October 1, 2026
Broker’s Call: ICICI Lombard General Insurance (Add)

ICICI Lombard General Insurance: Why Analysts Urge Investors to Buy Now

September 30, 2026
Photos: A journalist is crowned king in Uganda

Indian Journalist Crowned King in Uganda Amidst Cultural Festivities

September 30, 2026

You Might Also Like

WHO condemns killing of over 460 patients, abduction of health workers in Sudan’s El Fasher
Nation

WHO denounces El Fasher atrocities: 460+ patients killed, health workers abducted.

8 Min Read
Yunus govt plans special law to get back ‘stolen billions’ abroad
Nation

Yunus Administration Seeks Special Legislation to Recover Stolen Billions Overseas

2 Min Read
Nokia & Proximus Global partners on network API ecosystem
Economy

Nokia and Proximus unite to innovate network API ecosystem

2 Min Read
'Hindi is not national language': Ravichandran Ashwin at college event in Tamil Nadu
Nation

Ravichandran Ashwin: Hindi is Not the National Language

1 Min Read

About IndiaNewsWeek

IndiaNewsWeek is your trusted source for breaking news, in-depth analysis, and comprehensive coverage of India and the world. We deliver accurate, timely reporting across politics, economy, sports, entertainment, and technology.

contact@indianewsweek.com

Quick Links

  • Nation
  • Politics
  • Economy
  • International
  • Sports
  • Entertainment

More Sections

  • Technology
  • Auto News
  • Education
  • About Us
  • Contact
  • Privacy Policy

Stay Connected

Follow us on social media for the latest updates and breaking news.

Facebook
X (Twitter)
YouTube
Follow US
© 2026 IndiaNewsWeek. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?