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Cabinet approves hike in MSP for kharif crops for 2021-22 amid farm

Peanut Farming June 10, 2021

Cabinet approves hike in MSP for kharif crops for 2021-22 amid farm

Meghna Sen

The Centre has hiked paddy MSP by ?72 to ?1,940 per quintal for 2021-22 crop year from ?1,868 per quintal last year

The decision was announced by Union Agriculture Minister Narendra Singh Tomar after the meeting of the Cabinet Committee on Economic Affairs, headed by PM Modi

 In a bid to increase the farmers' income, the Union Cabinet on Wednesday approved an increase in minimum support prices (MSP) for various kharif crops or the summer-sown crops for marketing season 2021-22.

The Centre has hiked paddy MSP by ?72 to ?1,940 per quintal for 2021-22 crop year from ?1,868 per quintal last year.

The highest absolute increase in MSP over the previous year has been recommended for sesamum ( ?452 per quintal) followed by tur and urad ( ?300 per quintal each).

In the case of groundnut and nigerseed, there has been an increase of ?275 per quintal and ?235 per quintal, respectively, in comparison to last year. The differential remuneration is aimed at encouraging crop diversification, an official release said.

The decision was announced by Union Agriculture Minister Narendra Singh Tomar after the meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi.

Addressing a press briefing on Cabinet decisions, Tomar said, "None should have any misconception about MSP; it's continuing and increasing and it will continue."

"We had assured the Parliament that MSP will continue," the Union Agriculture Minister added

SOURCE: https://www.livemint.com/news/india/cabinet-approves-hike-in-msp-for-kharif-crops-details-here-11623231583858.html

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