Price Stabilisation Fund (PSF) was set up in the year ______.
2014
The Price Stabilisation Fund (PSF) is a Central Sector scheme created to check volatility in the prices of essential agricultural commodities such as onion, potato and pulses.
It was set up in 2014-15 under the Department of Agriculture, Cooperation and Farmers Welfare and was later transferred to the Department of Consumer Affairs in 2016.
The fund supports procurement of these commodities directly from farmers or farmer bodies and maintains a buffer stock that is released when market prices rise, protecting both farmers and consumers.
Thus the year in which the PSF was set up is 2014.
Hence, 2014.
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