15 per cent hike in paddy MSP soughthttps://indianexpress.com/article/news-archive/web/15-per-cent-hike-in-paddy-msp-sought/

15 per cent hike in paddy MSP sought

The Agriculture Ministry is learnt to have sought over 15 per cent hike in the minimum support price for paddy over the previous year

The Agriculture Ministry is learnt to have sought over 15 per cent hike in the minimum support price (MSP) for paddy over the previous year.

Sources in Krishi Bhavan revealed that the Ministry has proposed the Cabinet to enhance the paddy MSP by Rs 170 a quintal for the forthcoming crop.

The ministry has proposed to peg the common grade paddy MSP for the forthcoming season at Rs 1,250 a quintal as against Rs 1,080 a quintal last season.

The Ministry is also pushing for a hike in the MSP of pulses to boost the production that falls short of domestic consumption.