Corpus of ₹ 900 crores for Price Stabilisation Fund

The Price Stabilisation Fund has been provided with a corpus of ₹ 900 crore to supports market interventions. While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that monitoring of prices of essential commodities is a key element of good governance. A number of measures have been taken to deal with problem of abrupt increase in prices of pulses. Government has approved creation of buffer stock of pulses through procurement at Minimum Support Price and at market price through Price Stabilisation Fund.