Goyal said the panel has proposed the buying of pulses, maize, and cotton crops by government agencies at minimum support prices for five years after entering into an agreement with farmers.
"Cooperative societies like the NCCF (National Cooperative Consumers Federation) and NAFED (National Agricultural Cooperative Marketing Federation of India) will enter into a contract with those farmers who grow 'tur dal', 'urad dal', 'masoor dal’ or maize for buying their crop at MSP for next five years," Goyal said after the meeting.
“There will be no limit on the quantity (purchased) and a portal will be developed for this," he added.