Thursday, June 24, 2021
Home News Reports Massive hike in MSP by Modi govt: 150% MSP of Kharif crops among others,...

Massive hike in MSP by Modi govt: 150% MSP of Kharif crops among others, farmers ensured 50% profit margin

The Union cabinet has approved the proposal of increasing the Minimum Support Price (MSP) for Kharif crops by 1.5 times the cost. According to report, the MSP for paddy has been increased by around Rs 250 per quintal.

Prime Minister Modi had announced recently that the government is soon going to increase the MSP for Kharif crops to 150% of the cost of production. It was announced during the union budget and was among one of the several major steps planned by the BJP-led government.

Yesterday, it was reported by many media outlets that the PM is holding a high-level meeting to discuss the hike and other major issues. PM Modi reportedly took stock of the procurement data of all the crops on which the MSP was planned to be hiked. The NITI Ayog and the Ministry of Agriculture representatives were there to update the PM on the economic impact and operation and execution of the MSP increase.

The MSP for several crops including rice, sunflower seeds, millets, groundnuts and pulses have been significantly increased.

According to reports, fine paddy and common paddy have seen an MSP hike of 11.3% and 12.9% respectively while Jowar, bajra and ragi will get the MSP hike of 40.9%, 36.8% and 52.5% respectively. Oil seeds like soybeans, sesame and groundnut are to get an MSP increased by 11.4%,17.9% and 9.9% respectively.

Sunflower seeds’ MSP got a 31.4% hike while Moong farmers will get a 25.1% increase in MSP. Maize farmers will be getting MSP increased by 19.3% while Tur and Urad dal crops will be given an MSP hiked by 4.1% and 3.7% respectively. 2 varieties of cotton staples, long and medium are to get an increased MSP of 26.1% and 28.1% respectively.

The Prime Minister has been very keen on schemes and reforms in the farm sector. He has asserted on many occasions that his government is dedicated to achieving the target of doubling farmer’s income by 2022.

The proposed 150% MSP is expected to help paddy, pulses and other major crops like millet the most. This will ensure a minimum 50% profit margin for the farmers. MSP for several crops like cotton, sesame, sunflower seed, groundnut etc has been raised significantly by the cabinet’s decision.

According to reports, the rise in MSP is estimated to cost about Rs 33,500 crores. The share of paddy alone in the extra cost is estimated to be Rs 12,300 crores.

PM Modi has time and again assured farmers in the country that the government will support them whole-heartedly. “Beej se le ke bazaar tak” has been his slogan for his government’s commitment to farmers.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

From cover up to conspiracy to murder: Some unanswered questions about Dr Syama Prasad Mookerjee’s death in Kashmir

Dr Syama Prasad Mookerjee had died mysteriously days after he was arrested in Jammu and Kashmir for entering the state without permission

Former IFS officer Lakshmi M Puri sends legal notice to Congress supporter Saket Gokhale for misleading allegations against her

Alleged activist and Congress mouthpiece Saket Gokhale made baseless allegations against Lakshmi M Puri, wife of Hardeep Singh Puri

Ever Given: Ship that blocked Suez Canal has since been held by Canal authorities, they wanted 916 million dollars

After demanding 916 USD initially, the canal authorities had later lowered the demand amount to 550 million. A final settlement is expected to be reached soon.

Trinamool MP Mimi Chakraborty duped by fake IAS officer’s fake vaccination drive, one arrested

Mimi Chakraborty was reportedly duped by a man who claimed to be an IAS officer and requested the TMC MP to be chief guest at a COVID-19 vaccination drive organised by him.

Telangana: Woman working at Christian priest’s home dies in police custody, officer suspended

Mariyamma, who used to work as a domestic help at local priest Father Balaswamy's house in Govindapuram village, breathed her last on June 18 after cops allegedly assaulted her.

Kanpur: Hindu families put “for sale” signs outside their houses after being forced to convert to Islam, SP MLA accused of shielding the goons

10 Hindu families in Rail Patri colony in Kanpur live under constant fear as they have been threatened either to covert to Islam or leave the area.

Recently Popular

‘Is your father a mali or chowkidar? I will cancel your license, H*r*m*zade’: Maneka Gandhi threatens vets in viral audios

The Indian Veterinary Association in a letter have condemned the unruly behavior and unparliamentary language used by Maneka Gandhi against animal doctors.

Ravish Kumar appears massively frustrated as India administers 85 lakh COVID vaccines in single day, this is why he does not make sense

Ravish Kumar goes on a ranting spree to hate on PM Modi by camouflaging propaganda as 'criticism' over COVID-19 vaccination

How Venkatesh Prasad is winning hearts with his ‘Sanghi’ posts, one tweet at a time

Venkatesh Prasad demonstrated the Surya Namaskar for his followers, performed in deference to the Sun God.

After being slammed by Bombay HC for lack of evidence, Mumbai police names Arnab Goswami as an accused in second TRP chargesheet

Republic TV had submitted before Bombay HC that Mumbai Police have deliberately not named Arnab Goswami in charge sheet to keep the investigation open

Oxfam says reporting rape cases harms black and marginalised people, blames ‘privileged white women’ for root causes of sexual violence

Oxfam says that fighting against sexual assault legitimises criminal punishment, which harms black and other marginalised people
- Advertisement -

 

Connect with us

255,564FansLike
555,590FollowersFollow
24,400SubscribersSubscribe