New Delhi: Prime Minister Modi, on Wednesday chaired the Cabinet Committee on Economic Affairs that mentioned on the elevated Minimum Support Price (MSP) for the kharif crops within the advertising and marketing season of 2021-22. The MSP for Paddy elevated by Rs 72 per quintal. In 2020-21, the speed per quintal was Rs 1,868, which now will probably be Rs 1,940 per quintal in 2021-22.Â
“In case of groundnut and nigerseed, there has been an increase of Rs 275 per quintal and Rs 235 per quintal respectively in comparison to last year. The differential remuneration is aimed at encouraging crop diversification,” mentioned Cabinet Committee on Economic Affairs in a press release.
Here is the total listing of the revised charges:Â
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MSP for sesaum noticed the best enhance at Rs 452 per quital whereas tur and urad obtained a advice of MSP of Rs 300.Â
“The increase in MSP for Kharif Crops for marketing season 2021-22 is in line with the Union Budget 2018-19 announcement of fixing the MSPs at a level of at least 1.5 times of the All-India weighted average Cost of Production (CoP), aiming at reasonably fair remuneration for the farmers. The expected returns to farmers over their cost of production are estimated to be highest in case of Bajra (85%) followed by urad (65%) and tur (62%). For rest of the crops, return to farmers over their cost of production is estimated to be at least 50%,” added CCEA.
In case of groundnut there was a rise of Rs 275 per quintal whereas nigerseed has seen a rise of Rs 235 per quintal, from final 12 months.Â
