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Finance Minister Arun Jaitley promised in the budget to set the MSP at 1.5 times the cost of production.
The Narendra Modi government has cleared a new minimum support price list for 14 summer (kharif) – the largest of its mandate. The minimum support price (MSP) for paddy has been raised by 1.5 times and the rest by about 50%. The Paddy MSP alone is up Rs 200 per quintal
The decision, which comes less than a year before the national elections, however, will weigh in on public funds of more than Rs 15,000 crore, and could be translated into food
Interior Minister Rajnath Singh described the decision as a "landmark decision" by the NDA government, which will give a "big boost" to the economy .
PM Modi, who promised to increase farm income
1965 अत यंत यंत न न न न न न न न न न न र र गत गत गत गत गत गत गत गत [[[[[[[[[[[[[[केकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेकेहैकेकेकेकेकेकेकेकेकेकेकेकेकेफसलोंकेयूनतमयूनतमयूनतमयूनतमयूनतमयूनतमयूनतमयूनतमयूनतमयूनतमयूनतमसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिकसिक
– Narendra Modi (@narendramodi) July 4, 2018
The MSP is like a buffer by the government to protect farmers from any sudden drop in commodity prices. MSP is a guaranteed price for their products.
Finance Minister Arun Jaitley had, in February, when he was presenting his fourth budget to the Modi government, promised to set MSP at 1.5 times the cost of production.
regularly attacked by farmer badociations and the opposition to make "empty promises" to double their income by 2022.
Last year saw mbadive protests by Farmers badociations across the country. The behemoth, which began with Madhya Pradesh where six farmers were killed last summer, moved to other agrarian states where farmers destroyed fresh produce in symbolic protest before taking on the form of the colossal march from Kisan to Maharastra this year. It was followed by the " Gaon Bandh " last month during which thousands of farmers across the country refused to send fruits, vegetables and dairy products. to cities.
According to the list, the paddy MSP (common content) was fixed at Rs 1750 per quintal. The MSP for cotton of the best variety will be Rs 5,450, as against 4,320 per quintal
The MSP for urad (lenses) and tur will see a revision of 39, about 200 Rs.
The higher MSP coupled with the forecast of a normal monsoon this year revived the hopes of farmers
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