- Price Support Scheme (PSS):
- Involves physical procurement of pulses, oilseeds, and copra.
- Done by Central Nodal Agencies (NAFED, FCI) with State government role.
- Procurement expenditure and losses borne by Central Government.
- Price Deficiency Payment Scheme (PDPS):
- Covers all oilseeds for which MSP is notified.
- Direct payment of difference between MSP and selling/modal price to pre-registered farmers.
- Payment made directly into farmer’s bank account.
- Does not involve physical procurement of crops.
- Pilot of Private Procurement & Stockist Scheme (PPSS):
- Private agency procures commodity at MSP in notified markets.
- During notified period from registered farmers.
- When market prices fall below MSP.
- Private agency gets maximum service charges up to 15% of notified MSP.