Modi government’s big decision, MSP of many crops has been increased
New Delhi. Maximum 10.4% on minimum support price of moong dal, 9% on groundnut, 10.3% on sesamum, 7% on paddy, sorghum, millet, ragi, table, arhar dal, urad dal, soyabean, sunflower seed FY 2023- An increase of about 6-7% has been projected for 2024. Union Minister Piyush Goyal has said this.
The Union Cabinet in its meeting on 7th June has approved to increase the Minimum Support Price (MSP) of Tur (Arhar) Dal, Urad Dal, Paddy and Maize. Apart from this, giving relief to the farmers, MSP has also been increased on many other crops including groundnut, soyabean. In fact, the Union Cabinet has approved the increase in the Minimum Support Price (MSP) for Kharif crops for the year 2023-24. The Union Cabinet approved an increase of Rs 143 to Rs 2,183 per quintal in the minimum support price of paddy for 2023-24. The minimum support price of moong was increased the most to Rs 8,558 per quintal.
Union minister Piyush Goyal said the move is to ensure remunerative prices to growers for their produce and encourage crop diversification. There is an increase of 8.9 percent in the MSP of cotton, while the minimum support price of sunflower and soybean has also been increased. The cabinet has approved an increase of Rs 400 per quintal in the MSP of Toor Dal. Now the MSP of Toor Dal has gone up to Rs 7,000 per quintal. Similarly, an increase of Rs 350 per quintal has been approved in the MSP of Urad Dal, after which it has been increased to Rs 6950 per quintal.
Earlier, the central government had removed the limit of 40 per cent procurement under the Price Support Scheme (PSS) for three pulses – tur, urad and masoor in the crop year 2023-24 (July-June). The government has taken this step to increase domestic production. The Food and Consumer Affairs Ministry said on Tuesday that this year farmers would be able to sell their tur, urad and masoor produce in any quantity under the PSS.
Union Cabinet has approved increased MSP for Kharif crops for marketing season 2023-24. This move is to ensure remunerative prices to growers for their produce and to encourage crop diversification: Union Minister Piyush Goyal pic.twitter.com/lgocKi8xMn
— ANI (@ANI) June 7, 2023
