The authorities on Wednesday raised the minimal help worth (MSP) of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop 12 months, 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 choice taken by the Cabinet headed by Prime Minister Narendra Modi will assist farmers take a name on which kharif (summer season) 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 permitted a rise within the MSP of paddy (widespread selection) to Rs 1,940 per quintal for the 2021-22 crop 12 months (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 12 months from Rs 2,150 per quintal final 12 months, he stated.
MSP has been elevated frequently and its profit is reaching farmers, the minister stated.
(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)