Center increases MSP for wheat by ₹40 per quintal 

The government has hiked the minimum support price for wheat by Rs 40 to Rs 2,015 per quintal and mustard seeds by Rs 400 to Rs 5,000 per quintal.

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Centre increases MSP for wheat by ₹40 per quintal

In order to boost the crop sector and farmers income, the government has hiked the minimum support price for wheat by Rs 40 to Rs 2,015 per quintal and mustard seeds by Rs 400 to Rs 5,000 per quintal. The decision was taken at a Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister, a release said. 

 

It is learned that the CCEA has approved an increase in MSPs for six Rabi crops for 2021-22 crop year and 2022-23 for crop marketing season. During the 2021-22 rabi marketing season, the government procured a record-breaking purchase of over 43 MT of wheat.

 

Among pulses, the MSP for gram has been increased by Rs 130 to Rs 5,230 per quintal from the existing Rs 5,100 per quintal. While MSP for Masur (lentil) has been hiked by Rs 400 to Rs 5,500 per quintal. For oilseeds, the government has increased the Minimum Support Price for mustard by Rs 400 to Rs 5,500 per quintal for 2021-22 crop years from the existing Rs 4,650 per quintal of the previous year. The MSP for sunflowers has also been raised by Rs114 to Rs 5,441 per quintal. 

 

The government released said the increase in MSPs for rabi crops for the 2021-22 marketing season has been made in line with the Union Budget 2018-2019, in which the government aimed to provide 1.5 times more MSP to give farmers a fair remuneration supply. At present, the government fixes MSP for 23 crops grown in both kharid and rabi seasons. 

 

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Center increases MSP for wheat by ₹40 per quintal 
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The government has hiked the minimum support price for wheat by Rs 40 to Rs 2,015 per quintal and mustard seeds by Rs 400 to Rs 5,000 per quintal.
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THE POLICY TIMES
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