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National Mission on Edible Oils-Oilseeds
What it is
Two linked missions to cut edible oil import dependence. NMEO-Oil Palm (2021, Rs 11,040 cr) expands oil palm area and crude palm oil output; NMEO-Oilseeds (2024, Rs 10,103 cr, to FY31) targets the nine traditional oilseeds
Combined, they aim to raise domestic edible oil production toward ~72% of demand by 2030-31, supported by higher import duties and MSP increases on oilseeds
Impact on industries
- The problem is real - India makes only ~44% of the edible oil it consumes and imported 15.66 MT in 2023-24, palm oil alone above Rs 40,000 cr a year
- Higher duties on crude and refined oil protect domestic crushers and refiners, though they raise consumer prices and run against inflation management
- Area targets look unreachable - oil palm reached ~6.20 lakh ha by Nov 2025, and assessments suggest only ~0.68 mn ha is genuinely viable
- Import dependence persists regardless - even on optimistic output India needs 7-8 MT of palm oil imports by 2030