CURRENT AFFAIRS

Detailed explanation-1: -The scheme, called National Edible Oil Mission-Oil Palm (NMEO-OP), for self-reliance in edible oils, involves investment of over Rs 11, 000 crore.

Detailed explanation-2: -Since oil palm, with yield of around four tonnes per hectare, produces at least 10 times more oil than other oilseeds, it is considered the only crop that can help India become atmanirbhar or self-reliant in edible oil.

Detailed explanation-3: -SEA estimated in May that India was likely to import 12.9M tonnes of edible oils from November 2021 to October 2022.

Detailed explanation-4: -The Centre launched the National Mission on Edible Oils – Oil Palm in 2021-22 to augment the availability of edible oil in the country through expansion of the area under cultivation of oil palm and also reducing the burden of import.

Detailed explanation-5: -National Mission on Edible Oils – Oil Palm (NMEO-OP) is a new Centrally Sponsored Scheme with a special focus on the North east region and the Andaman and Nicobar Islands with a focus on increasing area and productivity of oilseeds and Oil Palm.