Centre Hikes Minimum Support Price For Kharif Crops By 4-9%

CCEA approves increase in MSP for all 14 Kharif (summer) crops.

New Delhi:

The Center on Wednesday hiked the minimum support price for kharif crops by 4-9 per cent for the 2022-23 crop year, raising the MSP of paddy by Rs 100 to Rs 2,040 per quintal, with an aim to encourage farmers to bring in more area. To do. farming and increasing their income.

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the increase in MSP for all 14 Kharif (summer) crops for the 2022-23 crop year.

Describing this as an important decision, the Prime Minister tweeted that the increase in MSP of Kharif crops will empower crores of farmers of the country.

After the cabinet decision, Agriculture Minister Narendra Singh Tomar tweeted, “The MSP of Kharif crops has been increased from Rs 92 to Rs 523 per quintal and this will give 50-85% profit to the farmers on cost of production.”

Sesame seed has been increased by a maximum of Rs 523 per quintal, while in case of maize the lowest has been increased by Rs 92 per quintal. In percentage terms, the MSP of soybean has increased the most by 9 percent, while this year the support price of millet has been increased by 4 percent.

“The government has increased the MSP of Kharif crops for 2022-23 to ensure remunerative prices to the growers for their produce and to encourage crop diversification,” an official statement said.

Information and Broadcasting Minister Anurag Thakur while briefing the reporters said that the Modi government has taken several steps in the last eight years from Beej Se Bazar Tak (Beej to Bazar Tak) which has helped in increasing the income of the farmers.

He said that the announcement of increase in MSP before sowing of Kharif crops would give an indication to the farmers about the price they would get and help them to decide which crop to grow.

As per the decision of CCEA, the MSP of paddy and bajra has been increased by Rs 100 per quintal for the 2022-23 crop year, while the MSP of tur, urad and groundnut has been increased by Rs 300 per quintal.

The MSP of common variety of paddy has been increased from Rs 1,940 per quintal last year to Rs 2,040 per quintal for the 2022-23 crop year.

The support price of ‘A’ grade variety of paddy has been increased from Rs 1,960 to Rs 2,060 per quintal.

Paddy is the main crop of Kharif, sowing of which has started. The Meteorological Department has forecast a normal monsoon for the June-September period.

Among commercial crops, the MSP of cotton has been increased from Rs 5,726 per quintal last year to Rs 6,080 for medium staple variety, while the MSP for long staple variety of cotton has been increased from Rs 6,025 to Rs 6,380 per quintal.

In pulses category, the MSP of Arhar (Tur) has been increased to Rs 6,600 per quintal from Rs 6,300 last year, while the MSP of Moong has been increased from Rs 7,275 to Rs 7,755 per quintal.

The MSP of urad has been increased to Rs 6,600 per quintal for the 2022-23 crop year, as against Rs 6,300 last year.

Among oilseeds, the MSP of soybean is Rs 4,300 per quintal as against Rs 3,950 last year, while the support price of sunflower seed has been increased from Rs 6,015 to Rs 6,400 per quintal.

The support price of groundnut has been increased to Rs 5,850 per quintal from Rs 5,550 last year, while the MSP of ocean has been increased from Rs 7,307 to Rs 7,830 per quintal.

The MSP of Nigerseed for 2022-23 is Rs 7,287 per quintal as against Rs 6,930 last year.

Among coarse cereals, the MSP of maize has been increased to Rs 1,962 per quintal from Rs 1,870 last year, while the support price for ragi is now Rs 3,578 per quintal from Rs 3,377 earlier.

In the case of bajra, the MSP has been increased from Rs 2,250 to Rs 2,350 per quintal.

The MSP of jowar (hybrid) has been increased from Rs 2,738 to Rs 2,970 per quintal in 2022-23, while the support price for jowar (maldani) has been increased from Rs 2,758 to Rs 2,990 per quintal.

Thakur said that the MSP of eight crops is 1.5 times more than the cost of production, while the support price of the remaining six crops is between 51-85 per cent.

He further said that the increase in MSP of oilseeds and pulses in the last few years has helped in reducing the country’s import dependence. There has also been a sharp increase in the purchase of wheat, paddy, some oilseeds and pulses.

He said that in the last few years, concerted efforts have been made to realign the MSP in favor of oilseeds, pulses and coarse cereals so that farmers can shift to larger area under these crops and adopt best techniques and agricultural practices. so that the demand-supply imbalance can be corrected. ,

He also highlighted the several programs launched by the government during the last eight years to increase the income of the farmers and ensure comprehensive development of the agriculture sector.

The MSP of all 14 crops for 2022-23 is 46-131 per cent higher as compared to 2014-15. For example, the MSP of paddy (common variety) has been increased by 50 per cent to Rs 2,040 per quintal, from Rs 1,360 per quintal in 2014-15.

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