Modi Cabinet Decision: Increase In MSP Of Kharif Crops Paddy Tur, Urad And Groundnut Will Empower Farmers ANN
Modi Cabinet Decision: Giving a gift to the farmers, the Modi government has announced an increase in the Minimum Support Price (MSP) for the Kharif season 2022-23. Under this, the MSP of paddy has been increased by Rs 100 per quintal, which is the highest in the last five years. The government has claimed that the MSP of all crops has been fixed by increasing its production value by at least 50 percent.
Like every year, this year also before the sowing of Kharif crops, the government has announced a new rate of MSP of these crops. The MSP of paddy, one of the most important kharif crops, has been increased by Rs 100 per quintal.
New Minimum Support Price-
2021-22 : Rs 1940 per quintal
2022-22 : Rs 2040 per quintal
Last year (2021-22), this increase was Rs 72 per quintal.
2021-22 : Rs 6300 per quintal
2022-23: Rs 6600 per quintal
Last year there was an increase of Rs 300 per quintal.
2021-22: Rs 7275 per quintal
2022-22: Rs 7755 per quintal
Last year only Rs 79 per quintal was increased whereas this year it has been increased by Rs 480 per quintal.
2021-22 : Rs 5550 per quintal
2022-23: Rs 5850 per quintal
Last year this increase was Rs 275 per quintal.
2021-22 : Rs 5726
2022-23 : 6080
Similarly, it has been decided to increase the MSP for crops like Jowar, Bajra, Urad, Ragi, Soyabean and Sunflower. Giving information about the decisions of the cabinet, Information and Broadcasting Minister Anurag Thakur said that the government has announced the new rate of MSP as per its promise to give at least 50 percent profit to the farmers of their cost price.
According to the data of the government, the MSP of millet has been fixed at the highest price above the cost price, while the MSP of tur dal has been announced at 7 percent more than the cost price. According to the estimated figures, the production of food grains in the country this year is likely to be 314 million tonnes, which is about 35 lakh tonnes more than last year. The government claimed that with the new rate of MSP, farmers would be able to get a fair price for their crops.