In Arunachal Pradesh, the Prime Minister inaugurated the first oil mill under National Mission for Edible Oils – Oil Palm (NMEO-OP).
It is India’s first integrated Oil Palm Processing Unit by 3F Oil Palm. The factory is located at Roing in lower Dibang Valley in Arunachal Pradesh.
This factory marks the first Oil Palm factory in Arunachal Pradesh and India’s first Oil Palm Factory under NMEO-OP.
National Mission for Edible Oils – Oil Palm (NMEO-OP)
- The Government of India launched the National Mission for Edible Oils – Oil Palm (NMEO-OP) in August 2021.
- The mission is committed to escalating oil palm cultivation and elevating Crude Palm Oil production to 11.20 lakh tonnes by 2025-26.
- NMEO-OP has provisioned INR 5,870 Cr exclusively for the NER region out of the total national budget of INR 11,040 for the promotion of oil palm, where 90% contribution will be made by the Central government.
- The Oil Palm Mission is strategically designed to promote oil palm cultivation in new geographies, providing comprehensive support to farmers.
- This support includes assistance in planting material, assured buy-back commitments from private players, and protecting farmers from global price volatility by offering a viability gap price to hedge against risks.
- Under the NMEO-OP, special assistance of Rs 1,00,000 per hectare is given to farmers for planting material, management, and to address the topographical challenges (land clearance, half-moon terrace construction, bio-fencing) faced by the NER farmers.
- The mission is also providing Rs 2,90,000 for the purchase of harvesting tools to farmers for palm oil cultivation.
- India is presently a net importer of edible oil, with 57% of the total edible oil being imported from various countries. The insufficiency in edible oil is negatively impacting our FOREX by 20.56 billion USD.
