The authorities on Wednesday raised the minimal help value (MSP) of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop yr, whereas the charges of different kharif crops have been additionally hiked.
Paddy is the principle kharif crop, the sowing of which has begun with the onset of the Southwest monsoon. The Met Department has projected a standard monsoon for the June-September interval.
The determination taken by the Cabinet headed by Prime Minister Narendra Modi will assist farmers take a name on which kharif (summer time) crop to develop as sowing picks with the unfold of the Southwest monsoon.
Briefing reporters after the Cabinet assembly, Agriculture Minister Narendra Singh Tomar once more dispelled apprehensions about MSP saying, “MSP (on farm crops) is there, is being hiked and will continue in future as well”.
The Cabinet has accredited a rise within the MSP of paddy (widespread selection) to Rs 1,940 per quintal for the 2021-22 crop yr (July-June) from Rs 1,868 per quintal within the year-ago interval.
Similarly, the MSP of Bajra has been elevated to Rs 2,250 per quintal for the present yr from Rs 2,150 per quintal final yr, he stated.
MSP has been elevated recurrently and its profit is reaching farmers, the minister stated.
(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)