Minimum Support Price of paddy hiked by Govt by Rs 200/quintal
Minimum Support Price of paddy hiked by Govt by Rs 200/quintal
Farmers got a huge boost today as Cabinet Committee on Economic Affairs today approved proposal to raise MSP for Kharif crops (sown in summer).Paddy farmers will get a Rs 200 hike which means MSP of common variety of paddy will increase from Rs 1,550/ quintal to Rs 1,750/quintal. List of 15 items stating earlier MSP to now MSP is given. MSP is the rate at which the government buys grain from farmers. Paddy is the main crop grown in the kharif (summer) season. Sowing of kharif crops has already started with the onset of the monsoon in June.
Farmers received a huge boost this morning as the Cabinet Committee on Economic Affairs today approved proposal to raise MSP for Kharif crops (sown in summer).
The paddy farmers will get a Rs 200 hike which means the MSP of common variety of paddy will increase from Rs 1,550 per quintal to Rs 1,750 per quintal.
MSP is the rate at which the government buys grain from farmers. Paddy is the main crop grown in the kharif (summer) season. Sowing of kharif crops has already started with the onset of the monsoon in June.
Profusely grateful to PM for fulfilling promise to farmers by taking historic decision to increase msp for all Kharif crops by 1.5 times their production cost. The move will address farmer distress and boost farm economy.
The NDA govt has not only brought crops under msp but in path breaking decision also decided to pay difference to farmers if their produce is not procured by govt agencies. Farmers will get Rs 6,000 to Rs 8,000 more per acre due to enhanced msp.
— Harsimrat Kaur Badal (@HarsimratBadal_) July 4, 2018
Home Minister Rajnath Singh said the government has taken a historical decision in favour of farmers. "This is a historical decision. The last time the MSP received such a hike was during the Vajpayee government. Never has any government given such kind of a hike. Is Desh ka sabse bada producer, consumer , customer kisan hai lekin kisano ko kabhi uski keemat nahi mili. Modi ji ne isko samjha hai or kisano ko uski lagat ka 1.5 guna diya jayega," he said in a press conference.
List of items on which MSP has been hiked. Item Previous MSP Now MSP
Fine paddy 1,590. 1,770 Common paddy. 1,550 1,750. (+12.9%)
Maize 1,425. 1,700 (+4.9%)
Tur 5,450 5,675 (4.1%) Urad 5,400 5,600.
Jowar. 1,700-1725 2430. Bajra 1,425 1,950. Moong 5,575 6,975. Soyabean, 3,050 3,399 (+11.4%) Sesame 5,300. 6,249
Sunflower seed 4,100 5388.
Groundnut 4,450 4,890. Cotton Medium Staple 4,020 5,150.
Cotton Long Staple 4,320 5,450.
Ragi 1,900 2,897 (52.5%)
Ref. : https://www.abplive.in/india-news/govt-hikes-paddy-minimum-support-price-by-rs-200-per-quintal-719362 --- Dated: Jul'04,2018.
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