Union Agriculture-notes-for-state-psc-exams”>Agriculture Minister Narendra Singh Tomar on Tuesday said the northeastern states will turn into an oil palm hub of the country with the central government’s major intervention with an outlay of Rs 11,040 crore for the next five years. Union Minister for Development of North Eastern Region (DoNER) G Kishan Reddy urged investors and industrialists to invest in the northeastern region which has immense potential for the agricultural sector, especially palm oil.
In August, the approved the National Mission on Edible Oils-Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote the domestic cultivation of oil palm in the next five years and reduce the country’s dependence on edible oil imports.