Thiruvananthapuram: Kerala became the first state to fix the floor price for vegetables, which would be 20 per cent above the production cost, Chief Minister Pinarayi Vijayan said on Tuesday.
The scheme would come into effect from November 1, he said.
Launching the scheme online, he said this was the first time the floor price was being fixed for 16 varieties of vegetables produced in Kerala.
This was also the first such initiative by any any state which would provide relief and support to farmers, he said.
The floor price would be 20 per cent above the production cost of the vegetables, he said in an official release. Even if the market price went below this, the produce would be procured at the floor price from farmers.
The vegetables would be graded as per the quality and the floor price fixed accordingly, he said.