Govt raises MSP marginally for kharif marketing season

The Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi, approved MSP of Rs 1,868 per quintal for paddy (common), which is just Rs 53 (or 2.92 per cent) higher than last year’s Rs 1,815.

Kharif crops, centre on kharif crops, cabinet meeting, modi cabinet meeting, India news, Indian Express

Moong has seen the lowest increase in percentage terms — 2.07.

Praising farmers for the bumper agriculture production, the Union government on Monday marginally increased minimum support price (MSP) of more than a dozen crops for Kharif Marketing Season (KMS) 2020-21, with paddy MSP seeing an increase of less than 3 per cent over KMS 2019-20.

The Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi, approved MSP of Rs 1,868 per quintal for paddy (common), which is just Rs 53 (or 2.92 per cent) higher than last year’s Rs 1,815.

Briefing the media after the Cabinet meeting, Agriculture Minister Narendra Singh Tomar said, “Based on recommendation of the Commission for Agricultural Costs and Prices (CACP), the Union Cabinet has approved MSP of 14 crops.”

Moong has seen the lowest increase in percentage terms — 2.07. The MSP for moong has been fixed at Rs 7,196 per quintal for KMS 2020-21 against Rs 7,050 per quintal in KMS 2019-20.

Harikishan Sharma

Harikishan Sharma, Senior Assistant Editor at The Indian Express' National Bureau, specializes in reporting on governance, policy, and data. He covers the Prime Minister’s Office and pivotal central ministries, such as the Ministry of Agriculture & Farmers’ Welfare, Ministry of Cooperation, Ministry of Consumer Affairs, Food and Public Distribution, Ministry of Rural Development, and Ministry of Jal Shakti. His work primarily revolves around reporting and policy analysis. In addition to this, he authors a weekly column titled "STATE-ISTICALLY SPEAKING," which is prominently featured on The Indian Express website. In this column, he immerses readers in narratives deeply rooted in socio-economic, political, and electoral data, providing insightful perspectives on these critical aspects of governance and society. ... Read More

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