New Delhi: Shifting its spotlight from pulse growing, the Agriculture Ministry is planning to increase the production of oilseeds using traditional and non-traditional method of its farming.

The Central government has approved Rs 300 crore for the palm oil production plan, which will double the cultivation of the palm oil in the country, leading the production of more edible oil in less time.

Encouraged by the success of pulses and oilseeds production, the Ministry has given final touches to the project of raising palm oil production.

Traditionally, farming of oilseeds in one hectare provides a tonne of edible oil while palm oil in a hectare generates four to six tonne of edible oil with the plants having capacity of producing oil till 25 years.

The farmers who will be participating in the project will get aid of plantation expenses, fertilizers, nursery, pesticides, pump sets, water harvesting tanks etc, according to sources.

The farmers will also be given compensation till harvesting period so that they don’t incur any loss.  Apart from this, an additional aid of Rs 150 crore will be provided to the farmers.

According to the Ministry, “In the Rs 300 crore palm oil project, plantation will be done in 60,000 hectare land.”  Currently, palm oil is harvested in 1,75,000 hectare land in the country.