Prime Minister on 9 August 2021 announced a National Edible Oil Mission-Oil Palm (NMEO-OP) to make India self-sufficient in cooking oils, including palm oil, as he stressed on reducing the dependence on imports. Addressing a virtual event on PM-Kisan scheme, he said over Rs 11,000 crore will be invested in the edible oil ecosystem.

What

  1. On the occasion, PM said while India has become self-sufficient or Aatamnirbhar in production of rice, wheat and sugar, but it was not enough as the country is dependent on huge imports of edible oils.
  2. PM stressed India must become self reliant in edible oil too as he announced NMEO-OP.
  3. The Prime Minister said the government will ensure that farmers get all facilities, from quality seeds to technology to promote farming to produce palm oil and other oil seeds.
  4. It is to be noted here that India is dependent on imports of edible oil to meet the domestic demand. Of the total imports, palm oil constitutes about 55 per cent.
  5. The Prime Minister said north-eastern states and Andaman and Nicobar Islands could be promoted for palm farming.