Cabinet Decisions / Modi government's gift to farmers, increased MSP on 17 crops

Vikrant Shekhawat : Jun 08, 2022, 05:29 PM
Cabinet Decisions: The Central Government has approved to increase the MSP on 17 crops. Union Minister Anurag Thakur informed about the decisions of the cabinet. He said that we are continuously working for the betterment of the farmers. A budget of 2 lakh crores has been kept for the farmers.

On which crops the MSP was increased

Paddy (General), Paddy (Grade A), Jowar (Hybrid), Jowar (Maldandi), Bajra, Ragi, Maize, Toor (Tur), Moong, Urad, Groundnut, Sunflower Seed, Soyabean (Yellow), Sesame, Ramtil, The government has increased the MSP on cotton (medium fibre), cotton (long fibre).

Steps taken for the betterment of farmers: Thakur

Union Minister Anurag Thakur said, in the last 8 years, the market outlook of seeds has benefited. Several steps have been taken to increase the income of the farmers. In today's meeting, it was decided to increase the MSP for 14 Kharif crops. We have continuously carried forward what was decided last year that cost plus 50 percent. 2 lakh crore has gone into the account under Kisan Samman Nidhi. 2 lakh 10 thousand crore subsidy has been given on fertilizer.

What is MSP?

Minimum Support Price is the minimum price at which the government buys crops from farmers. It can also be understood in this way that the money that the government pays to the farmer on the crop purchased from him is the MSP. Below this farmers are not paid for their crops.

Why is MSP decided?

The MSP of a crop is fixed so that farmers get a reasonable minimum price for their crop under any circumstances.

Who decides the MSP?

The minimum support price is announced by the government on the recommendation of the Commission for Agricultural Costs and Prices (CACP) twice a year in the Rabi and Kharif seasons. The sugarcane commission decides the support price of sugarcane.