MSP Hike Information: Union Agriculture Minister Narendra Singh Tomar on Wednesday mentioned that the Modi authorities is dedicated to double the earnings of farmers as he introduced a hike within the minimal help value (MSP) for paddy and different kharif crops. The MSP for paddy has been hiked by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop 12 months.
Briefing reporters after the Cupboard assembly, Tomar once more dispelled apprehensions about MSP saying, “MSP (on farm crops) is there, is being hiked and can proceed in future as nicely”.
MSP has been elevated commonly and its profit is reaching farmers, he mentioned.
The choice taken by the Cupboard headed by Prime Minister Narendra Modi will assist farmers take a name on which kharif (summer season) crop to develop as sowing picks with the unfold of the Southwest monsoon.
The Cupboard has authorized a rise within the MSP of paddy (widespread selection) to Rs 1,940 per quintal for the 2021-22 crop 12 months (July-June) from Rs 1,868 per quintal within the year-ago interval.
Equally, the MSP of Bajra has been elevated to Rs 2,250 per quintal for the present 12 months from Rs 2,150 per quintal final 12 months, Tomar mentioned.
Paddy is the principle kharif crop, the sowing of which has begun with the onset of the Southwest monsoon. The Met Division has projected a traditional monsoon for the June-September interval.
(With inputs from companies)