Why is it in News?
→ Government reviewed the progress of NMEO–Oil Palm implementation.
→ Focus is on reducing edible oil import dependence.
Important Points
- Centrally Sponsored Scheme.
- Launched in 2021.
- Targets expansion of oil palm cultivation.
- Focus states include Andhra Pradesh, Telangana, Assam, Mizoram.
- Aims to increase domestic edible oil production.
- Special assistance for North-East states.
- Oil palm has high oil yield per hectare.
- Mission period up to 2025–26.
- Financial support provided to farmers.
- Reduces import bill of edible oils.