Saturday, June 19, 2021
Home Top Stories Govt hikes paddy MSP by Rs 72/quintal to Rs 1,940 for FY22...

Govt hikes paddy MSP by Rs 72/quintal to Rs 1,940 for FY22 crop year

The minimum support for price (MSP) for paddy has been by Rs 72 per quintal to Rs 1,940 for the crop year 2021-22 by the government. Paddy is the main kharif crop, the sowing of which has begun with the onset of the Southwest monsoon.

The MSP for paddy saw a Rs 72/qtl rise by the centre government.

The government on Wednesday raised the minimum support price (MSP) of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop year, while the rates of other Kharif crops were also hiked.

Paddy is the main Kharif crop, the sowing of which has begun with the onset of the Southwest monsoon. The Met Department has projected a normal monsoon for the June-September period. The decision taken by the Cabinet headed by Prime Minister Narendra Modi will help farmers take a call on which Kharif (summer) crop to grow as sowing picks with the spread of the Southwest monsoon.

Read | The kharif incentive | India Today Insight

Briefing reporters after the Cabinet meeting, Agriculture Minister Narendra Singh Tomar again dispelled apprehensions about MSP saying, “MSP (on farm crops) is there, is being hiked and will continue in future as well”.

The Cabinet has approved an increase in the MSP for paddy (common variety) to Rs 1,940 per quintal for the 2021-22 crop year (July-June) from Rs 1,868 per quintal in the year-ago period. Similarly, the MSP of Bajra has been increased to Rs 2,250 per quintal for the current year from Rs 2,150 per quintal last year, he said. MSP has been increased regularly and its benefit is reaching farmers, the minister said.

Also Read | Explained: What is MSP and why farmers are protesting over it?

Click here for IndiaToday.in’s complete coverage of the coronavirus pandemic.

Source link

RELATED ARTICLES

No need to worry, will retrieve AIADMK, says Sasikala after party passes resolution warning cadres

The AIADMK on Monday expelled 16 members of the party and passed a resolution calling for action against any member who speaks with...

No prior sanction required to probe corruption charges against Anil Deshmukh: CBI to court

The CBI has urged the Bombay High Court to dismiss a petition filed by former Maharashtra home minister Anil Deshmukh seeking quashing of...

Anupam Kher shares Kirron Kher’s video message thanking fans for sweet birthdays wishes

Kirron Kher’s fans and followers showered love upon the actress on her 69th birthday. Kirron, who is currently battling cancer, thanked everyone in...

Most Popular

When Should Schools Reopen In India? NITI Aayog’s Dr VK Paul’s Reply

<!-- -->Earlier this month, the CBSE board exams were cancelled for Class 12 (Representational)New Delhi: India has been witnessing a drop in fresh...

DPIIT secretary Guruprasad Mohapatra dies of Covid-related complications

Gujarat cadre IAS officer and secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), Guruprasad Mohapatra, passed away due to...

‘Brightest star of Indian sports’: Country pays tribute to Milkha Singh

From Prime Minister Narendra Modi to Congress leader Rahul Gandhi, condolences poured in from around the country following the death of legendary sprinter Milkha...

Will scrap all projects harmful to environment if voted to power: Congress Goa in-charge

All India Congress Committee (AICC) in-charge for Goa, Dinesh Gundu Rao, on Friday said that if voted to power in the next Assembly...